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Browse More Listings in Hotel & Motel For Sale, Charlotte, NC or North Carolina

Hotel / Motel For Sale

The Newberry Lodge

2437 Newberry, Charlotte, NC 28208

Price:
$579,000
No. Rooms:
20
Building Size:
6,740 SF
Price/Room:
$28,950
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
12.30%
No. Stories:
2
Year Built:
1991
Tax ID / APN #:
11513314
Find Out More...

Last Verified 9/18/2009 Listing ID 16126191

Description

Well maintained extended stay lodge with on-site property management. The lodge has 2 buildings with 20 studio units with bathroom and kitchen. Nineteen units are for lease and one unit is reserved for the office manager.

Property is in close proximity to the airport, I-77,I-85, I-485, & Charlotte CBD

Financial Summary

Actual
Net Operating Income
$76,863

Map of 2437 Newberry, Charlotte, NC 28208 (Mecklenburg County)

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Presented by

TKS Realty

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Contact Listing Broker

Roderick Gee (704) 644-5919

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Created 3/2/2009

Additional Information for 2437 Newberry Road, Charlotte, NC 28208

Active For Sale - 1 Listing
Active For Lease - 0 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 - The Newberry Lodge

2437 Newberry, Charlotte, NC, 28208