TITLE:
48 Room Resort Puerto
CONTROL:
Owner
VALUE:
$1,755,000
LOAN:
$0
EQUITY:
$1,755,000
TYPE:
Resort Property
HAVE:
48 suite Caribbean view resort. Opening Feb 2024. 28 1bed and 20 2bed units. Amenities included in the price but to be shared with other units are: Clubhouse with restaurant, bar, and store, pool, exercise room, spa, pickleball, and much more.
ADDRESS:
Roosevelt Roads Base, Ceiba, Puerto Rico
BENEFITS TO NEW OWNER:
2025 Est. CAP Rate based on $150/night, 50% expenses, 69% occupancy. YR 1 est. is a very small profit. Over $1.1M of notes will be transferred on already sold units. So net price is less than $700K!!
GROSS SCHEDULED INCOME:
$1,509,870 Projected
VACANCY LOSS:
$424,312
GROSS EFFECTIVE INCOME:
$1,085,558
EXPENSES:
$581,250
NOI:
$504,308
DEBT SERVICE:
$0
CASH FLOW:
$504,308
CAP RATE:
28.74%
BENEFITS SOUGHT:
Cash at this "fire sale price" But, owner carry, or trade with a
large cash down payment can be discussed. With no cash (only trade), we must be able to transition quickly to cash with your property.
CAN ADD:
15+ properties, notes, land, gold claim, resorts, etc...
REMARKS:
Price of $39k/unit is less than ONE HALF of our current retail price of $84,900 as a "condotel". If wanted, we can continue to sell your units retail for $84,900 and you keep the estimated $40k per unit profit!
COUNSELOR:
Lance Dehning
Broker's Guild
931 Lilac St.
Longmont, Colorado, 80501
Phone: 720-327-8050
Email lancedehning@gmail.com
