53-unit motel divided into two 2-storey buildings, rooms and micro-apartments available exclusively for monthly rental or short term. Excellent investment opportunity in the heart of the Laurentian tourist region. High occupancy rate, easy to rent without advertising. Enjoy steady cash flow thanks to competitive rents. Strategic location and high demand guarantee a very attractive return on investment.Good potential to increase land value in the medium term. Spacious accommodation for manager. In-ground swimming pool, attractive communal areas.
THIS IS NOT A 5-STAR! Each room/microapartment in this 1971-built motel is equipped with wall-mounted air conditioning and a central heating system for tenant comfort and efficient expense management. In addition, all units benefit from high-speed Internet access and free laundry facilities.
The professionnal appraisal for the property in 2020 was achieved at $2.9 million, confirming its market value. The 2018 environmental phases are in compliance. Annual revenues are close to $400,000, attesting to the profitability of this investment.
This motel represents a good opportunity to capitalize on a well-established property in a prime location.53 doors for less than $2 million, try to find better!
All movable property in rooms and common areas used for business operations
Personal belongings of monthly rental customers
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