This 22-unit Inn/Motel, catering to adults only, has been upgraded in every way since the current owners purchased it 12 years ago. Most upgrades have been completed recently. The improvements, both inside & out, have been tasteful and extensive. The Inn serves a continental breakfast to their guests on a sunny porch overlooking the woods. There is also a pool available for guests, back decks on most of the rooms, and a new gas fire pit out back. This property is at the Gateway to the Cape Cod National Seashore, & therefore close to world renowned Eastham beaches on both the bay & oceanside. Restaurants and shops are nearby as well as the Cape Cod Rail Trail. Summer concerts, events & programs at the Eastham Windmill & the Salt Pond Visitors Center are available. Easy access to both Orleans and the Outer Cape. With a great location & a quality guest experience, the sellers have been very successful. This has been a popular spot for vacationers for many years, as it has consistently been the #1 Motel/Inn on Trip Advisor & highly ranked on all travel sites for over 20 years. This is truly a turn-key property! Give us a call today to talk more about the many possibilities here.
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Our Executive Mortgage Banker:
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$3,650,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,920,000 | $2,920,000 | $2,920,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.481% | 7.014% | 6.915% |
Monthly Tax Payment | $640 | $640 | $640 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,979 | $19,182 | $25,839 |
Total Monthly Payment | $18,744 | $19,947 | $26,604 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.