701 E FLETCHER AVENUE, TAMPA, FL 33612
PENDING (?)
$12,900,000
Commercial 104,583 Square Feet Taxes: $44,980.00 Built in 1974 Type: Hotel/Motel Listed on 02/03/2018 MLS # U7846779

Description of 701 E FLETCHER AVENUE, TAMPA, FL 33612

Deal of the year! Current owner converted Days Inn into Palms Inn, a short term stay hotel giving you an investment with a very stable income and cap of 17%!! We are at 100% occupancy!! Tenants pay $195/week and/or $750/month for single tenants, $250/week and $950/month for double tenants. Unbeatable location!! Directly off of I 275, 2 miles away from USF, Moffit and the VA and just a short drive to Orlando or the area beaches. Not to mention the Tampa area theme parks and attractions. This hotel brings in $2,000,000 per year as income after all costs. Don't miss out!!

Directions to 701 E FLETCHER AVENUE, TAMPA, FL 33612

Take I 275 toward Fletcher Ave. Exit heading toward USF. The Palms Inn is on the corner where I 275 exits and Fletcher Ave.

Features of 701 E FLETCHER AVENUE, TAMPA, FL 33612

Lot

  • Lot acreage is: 3.44
  • Lot zoned: CN

Construction

  • Total square feet: 104583.00
  • Units in building(s): 1

Other

  • Tax year: 2017

Mortgage Payments for 701 E FLETCHER AVENUE, TAMPA, FL 33612

The approximate monthly Principal & Interest payment for this property would be $63,197. This payment is based on a 30-year loan at a fixed rate of 4.59 % with a down payment of $1,290,000. Actual lender interest rates and loan programs may vary.

Use our Mortgage Payment Calculator to determine a more exact payment estimate.