Month: July 2018

New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m.

click above for the online property presentation At a Glance: Total of 24 units (1 is being used as part of the owner’s quarters for 2nd bedroom) plus 1 retail building (being leased to a barber shop) with beautiful private woodedarea in back with stone fire pit. New roof 2006, new furnaces 2007, solar system …

New 24 unit motel for sale in Bucksport, Maine. Financially Viable at $1.3m. Read More »

A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY?

Cap rate, (capitalization rate), is a rate that helps us value a real estate investment. Cap rate equals the net operating income (NOI) divided by the purchase price. The cap rate shows the potential rate of return on the investment. So the higher the cap rate, the better. With me so far? Let me take …

A very strong cap rate on this Maine inn for sale! And WHAT IS A CAP RATE ANYWAY? Read More »

What about buying an inn that USED to be in operation some years ago?

 The former inn – which is really just a house now without any business vs. an existing inn or going concern This is a question buyers ask me regularly. And the appeal understandable…the home likely already has the private ensuite baths you want, has the owner’s quarters, there wouldn’t be much in terms of renovations …

What about buying an inn that USED to be in operation some years ago? Read More »