Historic Palmer Hyland Hotel

Price: $325,000

Location: 333 E Evergreen Street, Palmer, Alaska

Industry: Hotel/Mult-Unit

Historic Hyland Hotel. Owner is currently renting the units on a monthly basis. 11 rental rooms, 5 bathrooms & 2 laundry facilities, plus garage/shop area. Currently generating approximately $5300/month. Great location in the middle of Palmer with plenty of parking. Lots of upsides if a new buyer wanted to use it for an Air B&B. Seller is offering owner financing.

Listing Details

Down Payment: $100,000

(Included in Price)

Real Estate: $425,000 (Included in Price)

Terms and Conditions?:

$100,000 down payment with 7.5% interest only payments.

Reason For Sale:

Other interest.

Operation

Managers: 1

Absentee Owner?: Yes

Location

Type of Location: Downtown Area

Square Footage: 3,664

Facilities Information:

3,664 square foot two-story building on a 10,890 square foot lot. The building currently features 11 rental rooms, 5 bathrooms, 2 laundry facilities, and a detached garage/Shop. Owner is renting the rooms on a monthly basis, approximate monthly rental income is $5300.00.

Summary

Financing/Terms:

Owner financing is offered with $125,000 downpayment, 7% interest only payments.