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Asking Price: $1,200,000

Motel Property with Adjacent House in Albany, GA!

Albany, GA
Dougherty County

Yearly sales are expected to generate over $250,000! Motel is newly renovated and recently reopened!The Motel currently has 24 rentable rooms! Downstairs has an additional separate Office and Manager's Living Room and Kitchen onsite! Upstairs, the Manager is occupying 4 rooms for her family. Opportunity to expand to 30 rentable rooms!Daily rate is $45. The weekly rate is $225. The monthly rate is $800. Occupancy rate is roughly 70%.Net profit before mortgage is over $166,000 per year AFTER $24,000 in Manager wages, $23,000 in utilities, $18,000 in insurance, and all other expenses!House next-door to the Motel property is included in the sale! Currently the house is in bad condition and will need to be completely renovated. It is 1,000 square feet with 1 bedroom and 1 bath and a basement! After renovations, Buyer could also rent out the house for $650 per month for additional cash flow!Geographic DetailsNear schools like Albany State University with over 5,800 students and Albany Technical College with over 3,000 students!Close proximity to restaurants like Subway, Checkers, Waffle House, Hardee’s, and Cook Out!Near local hotspots like the MillerCoors Albany Brewery, regional Hospital, Planetarium, and Riverside Park with consistent river tourism!Asking Price for the Newly Renovated Motel Property with Adjacent House is only $1.2M!If interested, please contact us anytime with your e-mail, full name and best contact number using reply to this ad button.

Cash Flow Not Disclosed
Revenue $249,996

Asking Price: $199,990

National Property Management Company in Atlanta

Atlanta, GA
Fulton County

The local office provides top of the line management services for our clients that lack the time and the expertise needed for the “day-to-day” management of their real estate properties and investments. The new owners’ role is multi-faceted: to find and screen tenants, process rent payments, provide property inspections, maintenance & repairs, and process evictions when necessary. This is a busy, home based, real estate and property management business. We are one of the top property management solutions in the market. The sale includes modern technology, back-office support including marketing and accounting, comprehensive training, and over 50 revenue streams in 4 pillars of management. Step into predictable revenue streams of income. Totally recession proof business. Whether the real estate market is ''booming'' or ''busting'' properties still need to be managed. Rents need to be collected. Bills paid. Roofs fixed. We provide all these valuable and profitable services and more. The business has the opportunity for continual and nearly unlimited growth depending on the new owner’s time commitment. This office will be partnered with a well-established and nationally recognized brand with over 400 offices nationwide. No prior real estate experience is needed. Customized property management software and full training included

Cash Flow $230,000
Revenue $675,000
$ Owner Financing Available

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