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Archived almost 6 years ago

$1,275,000

4.0 rooms 4+ ba 5109 sqft

35 Holland Avenue, Bar Harbor, ME 04609

Commercial Commercial

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Bar Harbor B&B: 13+ bedrooms w/ private baths

13 en suite guestrooms in downtown Bar Harbor near shops, restaurants, and Acadia National Park. Housed in three updated buildings (two fully renovated and one built NEW CONSTRUCTION in 2013). Parking for ALL ROOMS on site, one space for each room. Sprinkler system installed serves all rooms. This is TURNKEY, just add your finishing touches. Cheery sun porch in the Main House looks over a nicely landscaped yard and shuffleboard court area popular with guests and perfect for breakfasts. The Boston Globe calls The Holland Inn ''appealing,'' ''beautiful,'' and ''tranquil' - five stars on TripAdvisor.

Location:

35 Holland Avenue, Bar Harbor, ME 04609

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.