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 E-mail: aturowski@ccim.net Alex Turowski, CCIM
(727) 224-1317

  Type of Property: Motel             
  Property name: Ebb Tide Motel          
  Property Web Site: www.ebbtide.us          
  Property Address: 11903 Gulf Blvd., Treasure Island, FL 33706      
               
  Great Motel in popular and beautiful Treasure Island with beach access directly across the street.  
  The property have a very large 3 bedrooms and 2 bath owners apartment and all units comes with kitchens.
  Extra lot directly behind the motel is included in the sale (40 x 111).      
             
Price:  $1,089,000          
  Total Units: 15          
  Type of Units: 1 - 3 bedroom 2 bath        
    4 - 1 bedroom        
    10 - efficiencies        
  Room Entrances: Exterior and Interior        
  Gross Building Area: 6,590 SF          
  Pool Heated / In ground / Concrete        
  Lot Size: 18,520 SF          
  Lot Frontage: 160 Feet          
  Exterior Walls: Block/Stucco          
               
               
          Annual Property Operating Data (Projected)                      
                             
ALL FIGURES ARE ANNUAL         COMMENTS / FOOTNOTES
POTENTIAL RENTAL INCOME     357,700   TOTAL UNITS: 14
Less: Vacancy & Cr. Losses       186,004   AVERAGE DAILY RATE: $70
EFFECTIVE RENTAL INCOME     171,696   VACANCY RATE: 52%
Plus:  Other Income (collectable)           
GROSS OPERATING INCOME     171,696    
OPERATING EXPENSES:          
Real Estate Taxes 9,664        
Property Insurance 6,000        
Cleaning Maids 18,000        
Bank Credit Card Charges 2,900                        
Repairs and Maintenance 3,500                        
Cable TV 2,644                        
Phone 2,170                        
Electric 16,000                        
Water/gas/Trash 10,000                        
Accounting and Legal 1,200                        
Licenses/Permits 600        
Advertising 2,000        
Supplies 4,500        
 TOTAL OPERATING EXPENSES     79,178    
 NET OPERATING INCOME     92,518    
          Annual Property Operating Data (Actual)
         
  ALL FIGURES ARE ANNUAL      
  GROSS OPERATING INCOME     108,000
OPERATING EXPENSES:      
Real Estate Taxes 9,664    
Property Insurance 5,126    
Cleaning Maid 10,000    
Bank Credit Card Charges 2,150    
Repairs and Maintenance 2,500    
Cable TV 2,643    
Phone / Internet 2,170    
Electric 12,000    
Water/Trash 7,300    
Accounting and Legal 950    
Licenses/Permits 550    
Advertising 830    
Supplies 3,500    
 TOTAL OPERATING EXPENSES     59,383
 NET OPERATING INCOME     48,617

The statements and figures herein while not guaranteed are secured from sources we believe authoritative