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The Rocket Motel



$200 FIRST TRUST DEED FOR SALE

Discounted 5% for a 17% Yield


Loan Request:         $200,000.00

Property Value:       $400,000.00  (Four Hundred Thousand US Dollars) Which was the purchase price in January, 2007. 

Loan to Value:         50% (Fifty Percent) 

Surplus Equity:        $200,000.00 (Two Hundred Thousand US Dollars)


Interest Rate:          12% Interest Only


Monthly Payment:    $2,000.00


Terms:                     1 Year

Lot Size:                  .50 Acre  

Building Size:           4,000 Square Foot 

Units:                      15 includes one managers quarters

Property Description:

This motel was purchased  in January, 2007 for $400,000.00. It is being converted into a 14-unit apartment complex. The property also has a live in managers office which can be easily converted to a real estate office, conducting real estate activities to generate approximately $3,000.00 to $6,000.00 in additional revenue. 


This property consists of two parcels. It entails an "L" shaped 14-room motel plus an attached 2-bedroom managers apartment. The building is constructed of brick and mortar. The roof is approximately 8 years old and in excellent condition.  All of the rooms have been painted and newly carpeted. The office is currently being upgraded to a deluxe office. 

There are 6 kitchenettes with full kitchen appliances and 8 single rooms with full baths. Commercial laundry room. Large electrical signage, ample off street parking,and excellent reputation/location. Property is currently under renovation. 


City water, on sewer system and propane gas. Each room is in need of AC/Heating units which will cost approximately $6,000, plus the cost of electrical upgrade of $4,200 for a one-time total expense of about $10,200. 


Projected Income:
Each unit is rentable at $500 per month, which totals $7,000 gross monthly income. After expenses, the net income will be $3,000. Plus any income generated from operating the manager's quarters as a Real Estate office. A extra income of $3,000 to $6,000 is realistic. The owner has 35 years experience as a Real Estate professional, Lender and past Appraiser.


Location Description:
Property is located on "E" S
treet in the center of the town  right on the main strip as you enter from the freeway's main business corridor. The Rocket Motel is within walking distance (500 feet) of Hawthorne's main attraction, the El Capitan Casino. Hawthorne is situated approximately 120 miles southwest of Reno, on Highway 95, north of Las Vegas. It is 300 miles from Las Vegas.

Contact:

Terrance "Dez" Dzvonick                    Phone:  (951) 283-0557                       Email:    TenFourUSA@yahoo.com


Additional websites:

www.TenFourUSA.com  A real esate foreclosure training website

www.USPOA.com          United States Police Officer's Association

TRUST DEEDS FOR SALE


Located at 690 and 694 "E" Street Hawthorne, Nevada 89415. Mineral County, Nevada. The APN of the Rocket Motel Inc. is 001-135-01.