The La Vista Inn was built in 1974 and remains in good condition due to an ongoing capital improvement plan and recent renovations completed. The hotel is currently operating as an independent property– allowing for a new investor to complete the acquisition and add a national franchise if desired.
Annual Return
21.0%
Cash On Cash
10.9%
investment SPACE
Limited
Distributions
Monthly
PURCHASED AT
$7,200,000
Minimum Investment
$150,000
Hospitality | 55 Keys | Recently Renovated
The subject property located in Lake City, FL is conveniently located adjacent to Interstate-75. Lake City has long been known as “The Gateway to Florida” as it sits approximately 64 miles from Jacksonville, 46 miles from Gainesville, and 104 miles from Tallahassee. Lake City is the northernmost sizable city in Florida on Interstate-75 and carries a large percentage of Florida’s tourist and commercial traffic.
Annual Return
19.6%
Cash On Cash
9.5%
investment space
Limited
Distributions
Monthly
purchaced at
$4,900,000
Minimum Investment
$90,000
Multifamily | 42 Units
Lee & Associates is pleased to present the sale for the multifamily building located at 188 Saint Nicholas Avenue (“the Property). Located on the corner of St. Nicholas Avenue and West 120th Street, the building consists of 42 residential units. Of the 42 units, approximately 33% are free market with the remaining 67% subject to rent regulation. The Property represents the opportunity to acquire a stable cashflowing asset with upside potential in the short term through unit renovations and long-term rental appreciation for larger units in the Harlem market.
Annual Return
25.0%
Cash On Cash
9.6%
investment space
Limited
Distributions
Monthly
Purchased at
$9,300,000
Minimum Investment
$250,000
Multifamily | 4 Units
Constructed in 1910, this building encompasses six rooms across each of its four levels, complemented by a full-length cellar. Every apartment, offering three bedrooms, seamlessly blends traditional charm with contemporary aesthetics. Renovations in two apartments feature restored pocket doors, elegant crown moldings, original wood flooring, granite countertops, and contemporary stainless steel appliances, including dishwashers, ensuring a blend of spacious, well-lit interiors and substantial storage solutions.
Annual Return
23.3%
Cash On Cash
10.4%
invesment space
Limited
Distributions
Monthly
purchased at
$2,600,000
Minimum Investment
$40,000
Hospitality | 223 Keys | $60,538/Key
The property at 6401 Veterans Memorial Blvd, Metairie, LA, is a 7-story, 223-room, interior-corridor hotel located directly off Interstate-10. The subject property was built in 1970 and is situated on approximately 3.17+/- acres of land. The property is roughly 4.8 miles from Louis Armstrong New Orleans International Airport and 10.6 miles from Downtown New Orleans. This offering presents a unique opportunity for an investor to acquire a well-positioned property with strong historical revenues and the ability to up-flag.
Annual Return
22.9%
Cash On Cash
10.8%
investment space
Limited
Distributions
Monthly
Purchased at
$13,400,000
Minimum Investment
$337,000