Basic Information

  • MLS # F10491315
  • Type Hotel Motel
  • Status Active
  • Year Built 1982
  • Total Size 25,000 Sq.Ft / 0.57 Acre
  • Date Listed 03/09/2025
  • Days on Market 60
Description

Great location for a very safe investment property, Gross Income over $1.5 Million in 2024, after expenses you get $930,000 dollars, a nice CAP of 8.8% in the cash-to-cash approach. Please do not go without coordinating with listing agent or owners. Do not talk to employees. This is a gold mine, and the seller already got the final approval for a brand new 4 story building, with 87 new keys & 90 elevator parking, add 7,000 Sq Ft of commercial use space for restaurant, coffee shop, etc. NDA is mandatory to get financial information and coordinate inspections. Fast closing desired. Send LOI as soon as possible to listing agent. The cash is there and all the tools for an amazing investment, or perhaps a joint venture may be possible. Marriott Residences are waiting for the new developers.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Construction Type Brick, Block
  • Parking Description Guest, Valet
  • Roof Description Concrete
  • Style Hotel Motel

Interior Features

  • Adjusted Sqft 0.57 AcreSq.Ft
  • Cooling Description Central Air
  • Floor Description Carpet, Ceramic Tile
  • Heating Description Central
  • Sqft 0.57 Acre Sq.Ft

Property Features

  • Address 441 Central Ave White Plains, Ny
  • Aprox. Lot Size 25,000
  • City Other City- Not In The State Of Florida
  • Construction Materials Brick, Block
  • County Other
  • Furnished Info no
  • Levels Two
  • Listing Terms Cash, Conventional, Owner May Carry
  • Occupant Type Call Agent
  • Parking Features Guest, Valet
  • Possession Closing And Funding
  • Postal City Other City - Not In The State Of Florida
  • Public Survey Section Two
  • Roof Concrete
  • Sewer Description Public Sewer
  • Stories 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $24,000
  • Tax Year 2023
  • Terms Considered Cash, Conventional, Owner May Carry
  • Type of Property Hotel Motel
  • Water Source Public
  • Year Built Details Resale

441 Central Ave White Plains, Ny

Other City - Not In The State Of Florida, NY, 0

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: United Realty Group Inc. tel: (954) 450-2000

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