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Browse More Listings in Hotel & Motel For Sale, Phoenix, AZ or Arizona

Hotel / Motel For Sale

TRAVEL INN HOTEL

3541 E VAN BUREN STREET, Phoenix, AZ 85008

Price:
$2,900,000
No. Rooms:
90
Building Size:
40,000 SF
Price/Room:
$32,222.22
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Additional Sub-types:
Full Service
Property Use Type:
Investment
Commission Split:
2%
No. Stories:
2
Year Built:
1965
Lot Size:
2.80 AC
Parking Ratio:
90 / 1,000 SF
Find Out More...

Last Verified 11/2/2009 Listing ID 14283291

Highlights

AIRPORT LOCATION
NO DEFERRED MAINTENANCE
UPDATED FACILITY

MORE USES FOR PROPERTY
27% NET PROFIT

Description

$400,000 DOWN - OWNER FINANCING *APPRAISAL IN AT $3,200,000** , ALWAYS FULL, WEEKLY EXTENDED STAYS. OWNER RETIRING, REDUCED AGAIN, MUST BE SOLD! HELP RUN!! PRIDE OF OWNERSHIP BUILDING NEAR PHOENIX AIRPORT. 90 ROOMS THAT HAVE BEEN UPDATED AND SUPPLIED WITH MICROWAVES/FRIDGES. NEWER A/C UNITS, NEWER ROOF, NEW POOL FURNITURE, THIS BUILDING NEEDS NOTHING! VERY SPACIOUS ALMOST 3 ACRES THAT COULD BE UTILIZED FOR ADDITIONAL INCOME. 2 BANQUET ROOMS, HUGE OWNER/MANAGER LIVING QUARTERS OFF LOBBY AREA. HURRY, THIS WILL NOW SELL!!! 1.5 ACRE VACANT PARKING LOT THAT'S INCLUDED IN THE PRICE COULD BE UTILIZED AS AIRPORT PARKING OR RV STORAGE.

JUST 2 MILES FROM THE AIRPORT ON THE MAIN STREET. OVER 5,000,000 PEOPLE ARE IN THE AREA. THIS IS THE 5th LARGEST AND FASTEST GROWING CITY IN THE UNITED STATES. THE HOTEL IS COMPLETELY HELP RUN WITH 5 EMPLOYEES.

Financial Summary

Actual
Year
2006
Scheduled Gross Income
$912,000
Effective Gross Income
$920,000

Map of 3541 E VAN BUREN STREET, Phoenix, AZ 85008 (Maricopa County)

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Presented by

Evergreen Realty

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Contact Listing Broker

Sean Brunske (951) 288-1762

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Created 7/28/2005

Additional Information for 3541 E Van Buren Street, Phoenix, AZ 85008

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - TRAVEL INN HOTEL

3541 E VAN BUREN STREET, Phoenix, AZ, 85008