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Errol D'Souza
Laurel Real Estate Co. 

P.O. Box 284 
Galena, OH 43021-0284
Office: 740-965-1966
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Listing 115 out of 123
Sold for $122,005 Sold

56 Units
Fairborn, OH 45324

Residential
Property Photo
1/4

Sold

Sold for $122,005

Description

Ramada Ltd Suites - 56 units Assumable Financing of $2,500,000. This 3-year old, interior corridor, hotel property is located near the interstate in western Ohio. The area surrounding the hotel is a busy commercial area with numerous corporate offices, a major state university and an air force base. The hotel is in excellent physical condition and the buyer will not have to incur any expenses for property improvements. Excellent opportunity for a buyer who wants an excellent condition property that is cash-flow positive, with no maintenance issues. This 3-year old, interior corridor, hotel property is located near the interstate in Fairborn, Ohio. The area surrrounding the hotel is a busy commercial area with numerous corporate offices, a major state university and an Air Force Base. The hotel is in excellent physical condition and the buyer will not have to incur any expenses for property improvements. Excellent opportunity for a buyer who wants an excellent condition property that is cash-flow positiv, with no maintenance issues.

Features

  • ADR - TTM 7/31/05: $71.73
  • Amenities: Indoor pool, fitness room, meeting room, elevator
  • Corridor: Interior
  • Floors: 3
  • Lot Size: 1.5 Acres
  • NOI TTM 7/31/05: $370,516
  • Occup % TTM-7/31/05: 59.0%
  • Rm Rev TTM 7/31/05: $860,297
  • Rooms: 56
  • Tot Rev TTM 7/31/05: $884,440
  • Type: Mid-Market
  • Year Built: 2002

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