Pinellas limited
Gross: $899,805 net: 436,270
PRICE: $3,100,000
81 UNITS

This exceptional property offers an excellent location on Pinellas County’s busiest highway, with a traffic count of 82,000+ cars per day. In 1998 the property went through an extensive renovation. Originally a 57 unit, 2 story structure, it is now an 81 unit, 3 story structure. At the same time, a large Porto Cochere, a new lobby, a new pool area and sundeck, which also acts as a cover for the Jacuzzi, were added, along with new, tasteful tropical landscaping around the pool area. In 2001, all case goods were replaced. The property also offers a water softener system and safes, which are leased, with approximately 2 years remaining on the lease.

The property consists of 81 rental units. There are 16 kings, 22 double doubles, 32 efficiencies with full kitchens and 11 studios with desk and micro-fridge. There is also a 4 bedroom, 2 bath manager’s apartment, which has had over $30,000 in upgrades in 2001. There is meeting space to accommodate up to 100 people.

This hotel has held the franchise’s highest award for the past three years. The current ownership takes great pride in the property, and the property shows it. This is a turnkey operation, with exceptional manager/owner’s quarters.

Must see!!

FLORIDA RESORT GROUP, INC.
PHONE (727) 524-0066/frg@gate.net/www.frgi.com
Broker is an agent of and paid by the Seller. This document does not constitute or imply an offer of sub-agency to any other Broker.
All information is obtained from Seller or Sellers Agent and is believed to be accurate, but is not warranted by the Broker. #1174