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0000 Presidente Cordova 8-40 Cuenca

Out Of Country, FL 00000
  • $1,500,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: RX-10795005
UPDATED: 202 min ago
$1,500,000
  • 0
    BEDS
  • 3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1980
County:

School Ratings & Info

Description

Hotel Rio Piedra is located in the beautiful city of Cuenca Ecuador. Right in the city downtown area. It is walking distance to restaurants, theater, municipalities, finance center and many other traditional points of tourism like the Cathedral built in 1557. This Hotel fullfills its visionary ownership which was and still is ''to provide a guest and relaxing experience all around'' It has 3 commercial units facing main busy street. Commercial Unit A leased at $1,200 (plus local government tax 12%), Commercial Unit B, leased at $800 plus 12%, Commercial Unit C, leased at $400 +12%, fully equipped restaurant potential rental price at $1,000 +12% and the rental of the hotel $5,000 + 12%. It can be easily convert to an Airbnb destination for higher ROI.

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www.castellihomes.com/homes/128084170
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0000 Presidente Cordova 8-40 Cuenca Out Of Country, FL 00000

  • Price: $1,500,000
  • Status: Active
  • On Site: 60 Days
  • Updated: 202 min ago
  • MLS #: RX-10795005
0
Beds
0
Baths
0
½ Baths
3
Acres
1980
Built
County:
Out Of Country
Area:
Out Of Country
Property Description
Hotel Rio Piedra is located in the beautiful city of Cuenca Ecuador. Right in the city downtown area. It is walking distance to restaurants, theater, municipalities, finance center and many other traditional points of tourism like the Cathedral built in 1557. This Hotel fullfills its visionary ownership which was and still is ''to provide a guest and relaxing experience all around'' It has 3 commercial units facing main busy street. Commercial Unit A leased at $1,200 (plus local government tax 12%), Commercial Unit B, leased at $800 plus 12%, Commercial Unit C, leased at $400 +12%, fully equipped restaurant potential rental price at $1,000 +12% and the rental of the hotel $5,000 + 12%. It can be easily convert to an Airbnb destination for higher ROI.
Exterior Features

Construction BrickConcrete Roof S-Tile Waterfront YN No

Interior Features

Bath Toilets 26.00 Ceiling Height Varies Cooling None Flooring Ceramic TileTileWood Floor Heating No Heat Miscellaneous1 LobbyLounge Miscellaneous2 Manager On Premises Percent Air Conditioned 0.00

Property Features

Auction No Available Docs AppraisalDeed RestrictionsPrevious Title Available Info AppraisalBooks & RecordsDeedEquipment InventoryInventoryInvestment AnalysisPhotos Built Desc Resale Expenses Management 500.00 Expenses Miscellaneous 7000.00 Expenses Total Expenses 7500.00 Fire Protection Smoke AlarmSmoke Detector For Lease No For Sale Yes Lease None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Central Business DstCity Possession At Closing Sale Includes Building And LandEquipmentFixturesFurnitureInventoryMachineryToolsTrade Name Security Security PatrolSecurity Sys-OwnedTv Camera Tax Amount Real Estate Taxes 400.00 Tax Year 2021 Tenant Pays None Terms Considered CashConventional Type Of Building CommercialHotel / MotelIncomeOffice/Retail Use Hotel/ Motel Utilities CableElectricMunicipal WaterPublic SewerPublic WaterSeptic Zoning Multifamily

Listing provided courtesy of Kelly Right International Inc. Listing information © 2022 BeachesMLS
 
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