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Stop Wasting Money in Hotel Rooms - Stay for Free in San Felipe

Apt$1.00 OBO
For Sale

Las Vegas, NV
 Investor Relations   Private Message
 (702)751-8338   (702)751-8338

Investor needed for condo-hotel completion. Become a partner. Investor will need to complete construction / finishes only. Heavy lifting has been already completed. Stay for free during Baja / NORRA races in your own property and generate rental income throughout the year. Great investment opportunity in a great central location of San Felipe.

Looking for investor wanting to expand their real estate holdings in Mexico by investing in San Felipe. Perfect investment for race teams wanting to have free lodging during their pre-runs and race week and generate revenue throughout rest of the year. Popular destination throughout the year for the San Felipe Baja 250, NORRA, other racing events, and holidays.

Hard work has been completed. Deal includes land + current structure + lodging business. 50% / 50% Ownership guaranteed only by completing the construction and finishes. No money given to us only to construction company hired to finish the job. We will manage and operate it.

Owner estimates $500k-$650k will be needed to complete project, but that will depend on construction company hired to finish job. Will operate as hotel / Airbnb throughout the year. Can convert 9 garages to double bedrooms for better ROI.

Total of 9 condos (3 in each floor) with a total of 24 beds + 9 more beds can be added with sofa-beds in each condo.
There are 9 garages on the first floor that can be converted to double rooms for a total of 18 beds.

Total amount of beds in condo-hotel could potentially be: 51

We will assist in the creation of a Mexican corporation for US investors. Only thing needed is a USA LLC to be a member of the Mexican corporation.

This opportunity will not last. Owner wants to get this building finished asap and start generating revenue from rentals as demand is high for rooms in San Felipe. Not looking to sell individual condos but rent them as condo-hotel. Flyer brochure design only an example and photos of actual building. Owner might be open to sell the condo-hotel in the future as a whole.

Great tax write off opportunity when creating a Mexican corporation and using this as an investment. Very easy to structure using only a US LLC. We can assist with that.

Serious inquiries only: [email protected]

    Real Estate   Listing #201706   Posted: Aug 16 Expires: Sep 25