Description
Beach Haven Gardens- The Harborside Motel- 10 room hotel that has consistently grossed over $200,000/yr in rental income. This property has tremendous upside potential. Currently each of the 10 rooms rent for $175/night and are booked all summer long as well as much of the shoulder season. With some updating and furnishing improvements this could easily surpass $250,000/yr in gross rental income. In addition to the hotel rooms this property has a 2 bedroom 1 bath owners quarters which would benefit an owner operator that wants to keep expenses and payroll low to maximize return. The motel sits on a 150 x 60 sq ft lot that provides ample parking (16 spots) and great visibility on Long Beach Blvd. Walking distance to multiple restaurants/bars, ice cream shops, miniature golf, and more!
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th March, 2021 12:46 PM
