Broker Name:Murray & Associates
Broker Email:murrayeleanor46@gmail.com
Broker Phone:
Cherry Hill:
856-428-8900
Atlantic City:
609-441-1234
Toll Free:
866-2-Murray
Broker Contact Form
Cherry Hill:
856-428-8900
Atlantic City:
609-441-1234
Toll Free:
866-2-Murray
Motel for Sale in Somers Point, NJ!
(Motels, Hotels)
Atlantic County, NJ
Listed Price: $ 2,400,000
Listing ID: 1461
Listing DetailsGross Revenue: $ 528,000
Cash Flow: $ 402,840
EBITA: $ 402,840
Reason for Sale:
Illness
Training & Support:
2 Weeks
OperationsYear Established: 1971
Owner Hours: Full Time
Absentee Owner: No
LocationLease Expire: 0000-00-00
Type of Location: Stand Alone
Facilities:
14 Efficiency motel Rooms, 10 Apartment Units, Restaurant + 6 lots. 2 additional potential apartments.
SummaryBusiness Description:
Property includes: 14 Efficiency motel Rooms, 10 Apartment Units, Restaurant + 6 lots. 2 additional potential apartments.
10 Apartments $402.50- $450 per week incl. taxes
14 Efficiencies $265 per week.
On major highway in Somers Point, NJ. Area. Fully furnished. Seller wants to sell in "As Is" condition. Seller financing with $700,000 down!
Financing/Terms:
$1,700,000 5/20, 5%