1/2 Acre Waterfront Hotel/Dance Club/Pool Room, Caye Caulker
~ SOLD ~ Quote ID-121
WEST SIDE 1/2 ACRE WATERFRONT IN THE VILLAGE!
HOTEL/DANCE CLUB/POOL ROOM
Units: 25
Net Annual Income: US$62,220, Cap Rate 15.6% !
CONTACT BARRY & CINDY – YOUR REALTORS ON CAYE CAULKER
As an investment property on Caye Caulker, it doesn’t get much better than this. This property is a money machine! Based oncurrent net rental income and very conservative occupancy rates (annual overall 25%), the numbers work out to an amazing 15.6% CAP Rate.
Income derived from:
- monthly income from the lease on the Pool Room/Bar on the island
- monthly income from the lease on the Dance Club
- long term rentals to working locals and expats
- short term room rentals to tourists in the hotel
The building is looked after by an on-site manager. The property is almost half an acre in size with 90 feet of waterfront.
There is SO much potential for this property. Buy it and run it ‘as is’… The properties income is more than enough to cover ALL operating costs AND a loan payment (if you need to arrange financing, depending on amounts & terms of course). Sometime down the road, convert the property and build condos or a resort. This property is located right in downtown Caye Caulker!
Owner Financing is now available for this property! Minimum Down Payment US$240,000…
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Please use the form below to ask your specific questions about this property. Additional photos available on request. We look forward to hearing from you! Barry & Cindy Beer: |
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Need more information? Just fill in the form below and click on ‘Submit’… We’ll get back to you right away!
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