Owner Financing 102 Units: Cleveland TN Portefeuille de services hôteliers à vendre 2 biens 5 181 558 € Cleveland, TN

OWNER FINANCING AVAILABLE:
This 102-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee.
Out of the 102 units 53 units operate as the Rodeway Inn.
49 units have kitchenettes and operate as Suburban Suites.
We have a quote to complete all of the remaining units to have kitchenettes.
Totally Renovated in 2023.
Roof is TPO replaced 2019 Building 2 and 3
Roof is metal replaced 2019 on Building 1
Property sits on 2.8 level acres
Built in 1969 - Masonry construction– non-combustible.
Zoned commercial

Building One –
• Lobby and offices
• Full-Service Restaurant - Seats 90
• Full-Service Commercial Kitchen
• Two Meeting Rooms on second floor with Service Bar
• Restaurant is Leased at $4,500/Month
Building Two –
• 40 units are 12 X 25
• 10 units are 12 X 20
• Plus, one three-room apartment
• All new electrical outlets, switches and LED lighting
• Second floor includes two – two-room apartments
• Upstairs apartments have a back door
Building Three –
• 49 all newly renovated units
• ALL ROOMS ARE KITCHETTES
• 9 units are 12 X 20 with connector doors
• 38 units are 12 X 25
• One unit is an up and downstairs apartment
• One unit is a vending/laundry room
• All new electrical outlets, switches and LED lighting