WebIt can be bought at rather low per door basis, even after immediate CapEx. The idea would be to re-zone and convert it to apartments. The numbers can work on this. However, this … WebJun 25, 2010 · A. The short answer to your question is "yes", you could potentially convert the units into residential apartments and obtain separate certificates of title for each. …
Motel units can be converted to apartments - NZ Herald
WebFeb 25, 2024 · ALBUQUERQUE, N.M. (KRQE) – There are plans to fix up a rundown motel in a high-profile part of Albuquerque. Developers want to convert the sprawling Ramada … WebDec 9, 2024 · The former Days Inn on Lundy’s Lane is being converted into apartments intended for people with low to moderate incomes. During its Tuesday evening meeting, … pth panel 1
Hotel property on Lundy’s Lane to be converted into apartments
WebJul 27, 2024 · “Due to their design, hotels can be adapted into apartment use relatively easily compared to other real estate,” he says. “When the stability of cash-flow, access to broader sources of capital, and lower capitalization rates relative to hotels are taken into consideration, some owners would be well advised to consider the possibility of a … WebDec 11, 2024 · Though Mayor Eric Adams estimated that 25,000 hotel rooms could be turned into supportive and affordable housing, only one building has been converted so … WebSep 1, 2024 · A lack of supply has caused rental housing to become increasingly unaffordable, especially to low-income households, the report says. In Texas, gross rent … hotel achileas parga griechenland