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$1.5M total
—
Asset Class
Multifamily
Size
—
Building class
B
Zoning
RF6 — Medium Density
$ / SF
—
Occupancy
93%
Year Built
1996
A FABULOUS INVESTMENT PROPERTY AWAITS - HOTEL ROBIN HOOD! This family run business has been in operation for thirty four years and is rooted in the Town of Grand Falls-Windsor. Beautifully landscaped with mature trees and stunning grounds, with paved and gravel parking lots, this property has instant business curb appeal, being located on one of the busiest streets in town. The property has been meticulously maintained and upgraded through the years having 18 fully furnished rooms(one accessible), three of which are business suites! The hotel additionally has both a one and two bedroom apartment unit, as well as an additional two bedroom suite currently utilized by owner - all fully furnished. The hotel is complete with three phase, 600 amp electrical, fire alarmed, as well as a security system. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$48K
Annual cash flow
$-35K
Cash-on-cash
-7.81%
DSCR
0.58
Going-in cap
3.20%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
112,518
Households
40,095
Median income
$98,000
Median age
34.1
Daytime population
189,527
5-yr growth
3.3%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 78 Lincoln Road, Grand Falls-Windsor.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.