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$495,000 USD

Belize Hutz

This small resort on the island of Ambergris Caye is Economical Expandable and Opportunities galore.

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The owners have recently taken back the property from the guys that were operating it, cleaned up and painted the rooms, installed beds and fans, and are running a full house of 9 rooms on a monthly basis. 

The bar is about ready to reopen which was a good profit center for the owners also. 

Cap rate of a full price purchase should be almost 10% based on long term rental, much higher if converted back to a vacation resort!!!

Located a 5-minute walk from the beach on beautiful Ambergris Caye, Belize Hutz features an outdoor swimming pool and free Wi-Fi.

San Pedro Airport is just a 10-15 minute drive away by golf cart.

Belize Hutz offers 10 spacious rooms decorated in a typical local style. They include a private bathroom with a shower, ceiling fans, and hot water. There is also a one bedroom owners quarters.
Dining options can be found in San Pedro town, an 8-minute golf-cart ride away, or the restaurant can be reopened. The hotel offers an on-site bar and grill.
Staff can provide more information on sights and activities in the surrounding area, including cycling, snorkeling or diving. The off-shore coral reef is one of the world’s best spots for snorkeling and scuba diving.

One thing to consider when evaluating this property is that the rooms are presently rented LONG TERM without furnishings so if the desire is to operate a vacation resort it will need to be re-furnished.
** ALL PICTURES WERE TAKEN BEFORE RESORT CLOSED DUE TO ABSENT OWNER
PRICED HAS BEEN REDUCED TO REFLECT THIS CURRENT CONDITION

Written by Paul

 

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