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100 3Rd St

By Owner
RENOVO, PA, 17764
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Property Description

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50 Bedrooms

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- Baths

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30,677 SQ FT

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0.33 Acres

$600,000

About this home

Step into a world of real estate possibilities with this spectacular hotel in Renovo, PA. This property offers a key to unlock an abundance of income prospects, an ideal buy for investors with a keen eye. With potential for conversion to long-term stay units and rents within the affordable range of $400-$600, this property truly presents itself as a tenant's paradise. Envision the potential to generate up to a whopping $350,000 a year! With a potential Net Operating Income (NOI) hovering around $250,000, you can see the profitability of this investment just waiting to be grasped. Moreover, a competitive edge is guaranteed since the rents include utilities, a value-add feature much sought out by potential tenants. A swift break-even point and significant Return on Investment (ROI) potential make this offer too good to pass. The property presents itself in great condition, requiring very minimal upfront costs – an attribute that further adds to its appeal. Sitting on a generous 0.33 acres of land, this hotel unveils a sprawling 30,677 sqft of real estate wealth to exploit. This investment opportunity shines bright with promise, magnifying its appeal for those looking to diversify their investment portfolio with steady income flow. So why wait? Step into this opportunity and watch as it propels you towards your financial goals faster than you had ever anticipated.

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