Hotel and Vacation Rental
| Asking Price: | $800,000 |
| Gross Revenue: | $400,000 |
| Rent: | $7,500/Month |
| FF&E: | $400,000 |
| Cash Flow: | $300,000 |
| Inventory: | $25,000 |
| EBITDA: | $250,000 |
| Established Year: | 2019 |
Open to Partnership or Investor
Rare investment and established income generating income this asset comprises two properties one meticulously remodeled into 17 rooms and other with 16 rooms with sleek, modern units with all furniture fixtures and equipment.
business established in 2019 and revenue is consistently rising upward,
this property grossing approximately $400,000 with operating expenses at only less than 25%, NOI stands approximately $300,000 in years 2023 and 2024. there's an opportunity to grow and add another 100 to 200 unit which could further increase the annal revenue by $1.8 millions with a projected NOI of $1.3 millions.
Prime location situated in the heart of Chicago downtown, close to lake Michigan, Millennium Park, Loop, and walking distant to all the attractions.
Start earning and generating cash flow from day one.
Reason for selling:
Seller is unable to secure the loan to expand his business due to credit limitations, Seller will welcome a business partner or investor with cash available to grow existing business and share the profit from the first day.
if interested contact me directly at phone # 312-731-6500 , I prefer text messaging or leave a message. please only serious people contact, at some point need proof of funds before going in depth due diligence.
BUSINESS LOCATION
