Motel + Rental Apts.+ Bldg. lots for Sale in Somers Point, NJ. area!

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Motel + Rental Apts.+ Bldg. lots for Sale in Somers Point, NJ. area!

Business Description

Property includes: 14 Efficiency motel Rooms, 10 Apartment Units, Salon (Vacant), Restaurant + 6 Bldg lots,
6 Lots + Hotel + Restaurant
10 Apartments $402.50 per week incl taxes
14 Efficiencies $265 per week.
On major highway in Somers Point, NJ. area. Fully furnished.
Seller financing with $500,000 down.

About the Business

Location:
Atlantic County, New Jersey
Year Established:
1975
Real Estate:
Owned
Facilities:
14 Efficiency motel Rooms, 10 Apartment Units, Salon (Vacant), Restaurant + 6 Building lots. Fully furnished!
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About the Sale

Reason For Selling:
Illness
Training/Support:
2 Weeks
Seller Financing:
$1,900,000 @ 5%. $500,000 down!

Listing Info

ID:
1606792
Ad Detail Views:
0
Asking Price:
$2,400,000

Gross Revenue:
$528,000
Cash Flow:
$414,000
EBITDA:
$414,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$1,700,000
included in asking price

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Business Listed by

Eleanor Murray

Murray & Associates

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