Saint Petersburg, FL

Off Market in Saint Petersburg, FL

Off Market in Saint Petersburg, FL

NOTE SALE
GREAT INVESTMENT RETURN at 9.9%
Secured by 74 Room Hotel at Saint Petersburg, FL 33701
 
SUMMARY
Performing Loan
74 Room in Well Known Area of St Petersburg
29,162 SF
.37 Acre Lot
3 Stories
Built 1929
Property in Turn Key Condition
Features a Restaurant and only Blocks to The Tampa Bay
100% Occupancy and Units are Rented Weekly for $250
Great Monthly Income
Business CAP Rate 13+%
Loan Matures 9/2019
Property Appraises at $4,540,000 (65% LTV)
Opportunity for Safe Investment and Return of 9.9%
NOTE BALANCE
$2,951,000
 
If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial 
(818) 620-2020
CalBRE# 01345852