18 Unit Motel/Rental

[TALAL PHAROAN]

Hi guys,

I have a 524,000$ INN estate sale in a B neighborhood. The building is a C/C- and it generates about 272,000$/yr GOI. Weekly and Monthly rentals

The negatives:

Roof is flat and the property is very dated

Attracts hoes (male and female)

Tough to resell without redevelopment of lot (BL Zoning)

The positives:

High cash-flow

Good location 

Attracts traveling workers

44k SQFT lot 

Common questions to answer:

What is the capital expenditures figure

Are there any service contracts in place

How is it currently managed?