Property Details

TITLE:
Beachfront Resort >9 cap
CONTROL:
Exclusive
VALUE:
$3,200,000
LOAN:
$0
EQUITY:
$3,200,000
TYPE:
Resort Property
HAVE:
Turn key beachfront resort Little Corn Island with value add and expansion opportunities. There are 10 units plus adjacent home which can be doubled.
WEBSITE URL:
ADDRESS:
Cocal Beach, Little Corn Island, United States Minor Outlying Islands
BENEFITS TO NEW OWNER:
Beautiful Warm Beach Turn Key Seller Financing
Island Pic
Images: [1] [2] [3]
OTHER FILES:
GROSS SCHEDULED INCOME:
$515,000 Actual
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$515,000
EXPENSES:
$200,000
NOI:
$315,000
DEBT SERVICE:
$0
CASH FLOW:
$315,000
CAP RATE:
9.84%
BENEFITS SOUGHT:
Make an offer Will buy managed/NNN CRE in US
CAN ADD:
Seller will stay on to help transition as buyer sees fit.
REMARKS:
This is a lovely opportunity to bank/retire on a beautiful beachfront. Numbers include resort being closed September - mid December. Will purchase CRE in US. Resort Page - https://littlecornbb.com
COUNSELOR:
Theresa Mueller
Trelleum Real Estate
132 N Washington
Naperville, Illinois, 60540
Cell: 630-715-9999