This website uses "cookies" to ensure you get the best experience on our website. Using this website means you're OK with it.
Note

Owner Operated Motel just 2 hrs from Atlanta!

Listing was updated at: 05/03/2019
Owner Operated Motel just 2 hrs from Atlanta!

Property Overview

Price/Rent PSF $ 389,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 1
Date Available 05/03/2019
Search Demographic Data Explore financing options
Click to add the listing to favorites
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Copy iframe
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Make a Note
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Add to Listing Report
You need to be logged in to do this. Click the link above to log in or register for free so you can do this
Export PDF
You need to be logged in to do this. Click the link above to log in or register for free so you can do this

Description

Rentable rooms: 18 Cap Rate: 26% Net Profit before Debt Service: $66,000 (not including the owner's payroll of $18,000 per year) Total Take Home after Debt Service: $58,000 Less than 2 hours from Atlanta! Perfect for a family to live and run. Property has 18 rentable rooms and a 2-bedroom manager's apartment on the premises. Seller has owned it for 5 years and is currently only renting 17 rooms as one of the rooms is given to his children. Motel is located near a few of the most popular destinations including the Horseshoe Bend National Military Park, Wellborn MuscleCar Museum, Hodges Vineyard and Winery, and Wind Creek State Park. Also very close to Lake Martin Recreation Area and Cherokee Ridge Alpine Trail. Only 12 mins away from Boat Tours & Water Sports Activity! 30 minutes from Auburn University! 40 mins away from Tuskegee University! Less than 2 hours from Atlanta! Nearby Restaurants are Lake Martin Pizza Co, La Posada Mexican Grill, Bob’s Fine Foods and many more. This motel is walking distance to a community hospital! Even though the payroll is only $1,500 a month, please realize that it also includes living accommodations which are a 2-bedroom apartment and another hotel room for their personal use. If you are not an owner-operator, then we recommend not to consider this property. Asking Price: $389,000.

Location

Are you sure you want to delete your listing

We recommend you archive listings rather than delete them, for future reference.

Can we add this to our comparable database?

Are you sure you want to archive your listing

Can we add this to our comparable database?

Please type your email and we'll send you the mail with all pdfs attached. You can also download each pdf from the list below.