78 Lincoln Road photo 11 / 30

MLS #1288451

78 Lincoln Road

Grand Falls-Windsor

$1,489,500

6,000 sqft
Multi-family
Source Listing

Property Details

A FABULOUS INVESTMENT PROPERTY AWAITS - HOTEL ROBIN HOOD! This family run business has been in operation for thirty four years and is rooted in the Town of Grand Falls-Windsor. Beautifully landscaped with mature trees and stunning grounds, with paved and gravel parking lots, this property has instant business curb appeal, being located on one of the busiest streets in town. The property has been meticulously maintained and upgraded through the years having 18 fully furnished rooms(one accessible), three of which are business suites! The hotel additionally has both a one and two bedroom apartment unit, as well as an additional two bedroom suite currently utilized by owner - all fully furnished. The hotel is complete with three phase, 600 amp electrical, fire alarmed, as well as a security system. (id:66441)

Cost To Own

Down payment and monthly ownership estimate

Start with the listing price, then adjust the financing and monthly carrying costs for a practical estimate.

Purchase Price$1,489,500
Down Payment - 9%$134,055
Interest Rate5.25%

Amortization

Estimated Monthly Cost

$9,677

Mortgage Payment
$8,122
Property Tax
$1,055
Insurance
$150
Utilities
$350
Down Payment
$134,055
Loan Amount
$1,355,445
Total Interest
$1,081,297

Estimate only. Final payments depend on lender approval, taxes, insurance, closing costs, and mortgage insurance when applicable.

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