Paradise Inn Of Naples-All Cash business with real estate

$3,600,000

4520 Gulfstream Drive Naples, FL 34112

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About this listing

DESCRIPTION

Rare find Motel just minutes from world famous downtown Naples 5th avenue and the beach. This is your chance to operate a fantastic virtually absentee 14 Unit motel consisting of 14 fully renovated units consisting of 4 large 1 bedroom and 10 efficiency suites all with fully Kitchens and New designer baths. Property presently has long term tenants in place. A virtual cash cow with a 5.7% Cap rate current tenants are paying cash rent on a weekly basis.
Licensed for "Air BNB" this Motel can be easily converted to "Air BNB" and or daily resort rental which would dramatically increase revenue and present a possible 10% + Cap rate.

  • Cap Rate

    5.7%

  • Pro Forma Cap Rate

    12%

  • Building Size

    6,029 sqft

  • Lot Area

    0.5 acres

Map





Paul Cestaro

Paul Cestaro

Coldwell Banker Commercial Realty
Naples, FL
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