Ocean Front Resort San Pedro Belize

630 Kenmoor SE Ste 101, Grand Rapids, MI Belize

$2,400,000

Price

3.69%

Cap Rate

$88,619

NOI

Gallery
Street
Map
Overview
Cap Rate
3.69%
NOI
$88,619
Building Size
5,000 sqft
Lot Area
0.6313 acres
Keys
17
Occupancy
65%
Floors
2
Description

Incredible opportunity to own a piece of cash flowing paradise! Mata Rocks is a quaint little resort with 17 doors, ranging from single rooms to junior suites. Three star designation, with an average rating of almost 4.5/5.0 on Trip Advisor, this low key, convenient resort has expansion possibilities with the potential for vertical construction. Currently two floors, three more could be added to double the potential room revenue, and add retail or dining space.

Seventeen door 3 Star Resort with bar. Oceanfront resort with a great location. Single rooms to suites available. One half mile from the world's second largest barrier reef. Development potential exists with the opportunity to build more rooms vertically.

100 feet of prime Oceanfront Property!

Electric

Highlights
  • 2016 ADR = $126.31
  • 65% average occupancy for 2015-2016
  • 17 doors
  • 4 room types- single to junior suite
  • 4.7 out of 5 rating on Google, 4.4 on Trip Advisor
Location
Gallery