Cash Flow! The numbers work with strong 6 figure NOI (net operating income) 2009 booking ahead of 2008 income already reported. Over $100k in advanced deposits in the bank by spring. This property has 67% occupancy (national average 43%) and an average daily rate of $200 (national average $166. Room revenue is $50k (national average $26k)
Own this remarkable 1890's 6 guest room gem with all the modern amenites and seaside charm to compliment it's world class location. Chatham’s international reputation for lovely shops, white sand beaches, deep water anchorage, art galleries, fine dining, and it’s historic setting support this very successful Cape Cod business. Sited on 3/4 acre corner lot and featuring six king and queen guest bedrooms with modern private baths, 3 w/fireplaces, period detail, luxurious furnishings and bedding. Beautiful dining and gathering common areas inside and out.
Large owners quarters with bedroom, bath, granite/stainless kitchen, fpl living room, private deck. A premier B&B location surrounded by all the amenites of Chatham on Cape Cod. Established business with strong NOI (net operating income), great occupancy and ADR. Over $50,000 revenue per room. Financials available. The numbers speak for themselves. Offered turnkey with furnishing fixtures, guest list, website and advanced reservations
Details
- Built in 1890
- 20 years as B&B
- Last renovation in 2000
- MLS #20902951
|
- 6 Guest Rooms
- 6.50 Guest Bathrooms
- 7 Parking Spots
- Has owner's quarters
|
- $1,699,000
- 67% annual. occ. rate
- $205.00 avg daily rate
- $302,036 gross revenue
|
Listing Agent
Tom or Carol Edmondson, Realtors, Cape Cod Village Realty
Box 2408
Brewster, Cape Cod, MA 02631
Phone: 1.800.5854011
Cell: 1.800.5854011
FAX: 866-860-5423
email: carol@ccvre.com
Cape Cod Village Realty
|
Location
407 Old Harbor Road Chatham, Cape Cod, MA
Photos (click to enlarge)
|