801 E PALM AVENUE APT 2, Tampa, Florida, United States, 33602

1,166,666
for Sale
5,610

About the property:

Possible Owner Financing 9.5 CAP Rate This is one of three buildings that make up "PALM VILLA HOSTEL'S" Earns $50,000/ mo This one located on 803 E Palm Ave Tampa, FL * LODGING & HOSPITALITY AVIALABLE FOR INVESTMENT* Property goes with *801 E Palm Ave & 1905 N Taliaferro Ave Tampa, FL as a group (together asking is $3,500,000.00) TURN KEY property and business already bringing in money daily as it OPERATES as a Full Occupancy Hotel-Motel Excellent for Bed and Breakfast opportunity for increased revenue(SEE APPOX MONTHLY FINCIALS in Listing) This is a Rare Investment Opportunity in the Tampa Heights Area of East Tampa. This Asset consists of 3 Historic Buildings offering 20 units that are leased individually with Daily and Weekly Rates; makes about $15,000/mo...This property is ONLY minutes from Downtown Tampa, Channelside and Ybor DUE TO THIS BEING A BUSINESS CURRENTLY IN PROGRESS AND WITH MONTH TO MONTH GUESTS, NO REALTOR SIGNAGE ON PROPERTY
Property Type:
Hotel/Motel
Status:
for Sale
House Style:
Other
Acres:
0.13
Square Feet:
2050
Area:
33602 - Tampa
Heating Type:
0
Directions:
From Exit 44 on Interstate 275 N, take Scott Street to Nebraska Avenue. Turn Left onto Nebraska Avenue. Head North to Palm Avenue. Turn Right. Destination will be 5 Blocks on the Right just after Interstate 275 Overpass.
Is Bed:
Yes
Is Business:
Yes
Is Building:
Yes
Is Breakfast:
Yes
Is Hotel:
Yes
Is Hospitality:
Yes
Is Investment:
Yes
Is Motel:
Yes
Is Other:
Yes
Is Unit:
Yes
Annual Property Taxes:
4,257.74
Listing ID:
TB8566378

Rooms

Dimensions

Brokered by:
American Homes Realty Group
Presented By:

Sunny Sidhu

Broker Associate

RE/MAX Premier Group