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Sherwood Motel in Jonesboro, GA
Listing was updated at: 10/31/2018
Sherwood Motel in Jonesboro, GA
Property Overview
Price/Rent PSF $ 1,050,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 1
Date Available 10/31/2018
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Description

Motel Property located in Metro-Atlanta! Currently operated by a family residing onsite. Perfect for an Owner-Operator that would make the $50,000 in payroll as well as the $102,000 per year in net profit after paying the mortgage, totaling $152,000 per year! This assumes a loan of $800,000, at 6% interest, for 25 years. Please see P&L attached below. Please do not call the property directly to talk to the seller. Please do not speak to any employees at the property. Give us a call when you'd like to visit.

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