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1735 Gulf To Bay Blvd
Clearwater, FL 33755
THE CLEARWATER BEACH MOTEL · Hospitality Property For Sale
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27 Rooms
Investment Highlights
- 28-UNIT MOTEL/HOTEL LOCATED MINUTES FROM WORLD FAMOUS CLEARWATER BEACH, ON GULF TO BAY BLVD!
- MONTHLY DEBT SERVICE PAYMENT AS LOW AS $5,625!
- THE OWNER HAS SPENT OVER $120,000 ON MAJOR RENOVATIONS IN THE PAST 18 MONTHS!
- SELLER FINANCING AVAILABLE! APPROXIMATE TERMS AVAILABLE: $1,000,000 DOWN, 4.5% FIXED IR, INTEREST ONLY PAYMENTS, 5-YEAR BALLOON!
- CASH-ON-CASH RETURN OF OVER 18% IN 2021!
- THE PROPERTY IS IN EXCELLENT CONDITION AND ALL ROOMS HAVE BEEN SIGNIFICANTLY UPGRADED!
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
About 1735 GULF TO BAY BLVD , CLEARWATER, FL 33755
THE CLEARWATER BEACH MOTEL IS A 28-UNIT HOTEL/MOTEL LOCATED DIRECTLY ON GULF TO BAY BLVD., MINUTES FROM WORLD FAMOUS CLEARWATER BEACH! THE PROPERTY CONSISTS OF 27 INDIVIDUAL SUITES AND A 3-BEDROOM SUITE LOCATED BEHIND THE FRONT DESK FOR THE OWNER OR MANAGER TO LIVE IN. THE PROPERTY CONSISTS OF 3 FREE STANDING BUILDINGS ALL CONCRETE BLOCK WITH FRONTAGE ON GULF TO BAY BLVD! THE CLEARWATER BEACH MOTEL BOASTS A FANTASTIC OCCUPANCY DUE TO ITS RECENT RENOVATIONS, AND PRIME LOCATION ON GULF TO BAY BLVD WHERE MANY PEOPLE COME TO VACATION. ALL UNITS HAVE BEEN RECENTLY REDONE AND ARE IN FANTASTIC CONDITION! THE PROPERTY CURRENTLY BOASTS A IN-PLACE CASH-ON-CASH RETURN OF OVER 16%, AND A CAP RATE OF OVER 9%! WHILE THIS IS A FANTASTIC RETURN, IT ONLY GETS BETTER AS THE SELLER IS WILLING TO PROVIDE SELLER FINANCING ON THIS DEAL. WITH THE APPROXIMATE SELLER FINANCING TERMS FACTORED IN, A BUYER CAN OBTAIN A MONTHLY DEBT SERVICE PAYMENT OF AS LOW AS $5,625 PER MONTH! WITH THIS EXTREMELY LOW MONTHLY DEBT SERVICE A BUYER CAN EASILY OBTAIN A CASH-ON-CASH RETURN OF ALMOST 18% BY THE START OF 2021!
Property Taxes
| Parcel Number | 14-29-15-85950-003-0040 | Improvements Assessment | $817,603 |
| Land Assessment | $822,397 | Total Assessment | $1,640,000 |
Property Taxes
