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Hotel In Atlantic County For Sale

Atlantic County, New Jersey
  • $5,500,000

Sales revenue:
Available on request
Cash flow:
Available on request
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3 story ocean front hotel on the beach. Tons of potential for new owners Has private balconies all facing the ocean. 35 units total. 27 one large bedr w/ba. large living room, kitchen, four 2 bed 2 ba living room w/fireplaces. 4 studio apts. Could be condoed out. Needs some repairs done to complete rennovations on third floor. Front of building faces the streets has 2 large sundecks that are separated by brick and used for dining or lounging. Rear of building faces beach w/ large patio on the beach as well as all private balconies off the rooms..



Location:
South New Jersey Shore Resort

Reasons for selling:
Retiring
Support & training:
two weeks
Financing available:
Seller will finance $3,500,000 to a qualified buyer at 5.5% for five years based on a 25 year amortization.


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