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This local residential real estate business is available. Revenue increased 18% year over year. Cash flow represents adjusted net profit in 2023. The sale price includes all office supplies and advanced technology systems. Pre-approved property leads are available and provided by the corporate office. Accounting and bookkeeping are in place. The owner manages all aspects of this business including finding and screening new tenants, processing rent payments, property inspections, repairs, and evictions. The revenue and net profits are very predictable and recurring. This business is being run from a home-based office and could be run semi-passively. Thirty four percent of all U.S. properties are rented and fifty percent of all these units are handled by property management companies. The business has unlimited growth capacity depending on the new owner’s time commitment. This office is partnered with a well-established national brand. No prior real estate experience is needed. Customized property management software plus full training along with ongoing corporate support are included.
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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.
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For Sale: This home based business. Cash flow represents adjusted net profit in 2023. The sale price includes all office supplies and advanced technology systems. Revenue increased 19% over last year. This local long term residential real estate business is available. Pre-approved property leads are available and provided by the corporate office. Accounting and bookkeeping are in place. The owner manages all aspects of this business including finding and screening new tenants, processing rent payments, property inspections, repairs, and evictions. The revenue and net profits are very predictable and recurring. This business is being run from a home-based office and could be run semi-passively. Thirty four percent of all U.S. properties are rented and fifty percent of all these units are handled by property management companies. The business has unlimited growth capacity depending on the new owner’s time commitment. This office is partnered with a well-established national brand. No prior real estate experience is needed. Customized property management software plus full training along with ongoing corporate support are included. **Any property (lease/purchase) will be handled by a licensed third-party agent. Contact Peter for detailed information about this business.
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Rentable Rooms: 30Property shutdown due to fire damage but is now Newly Renovated! Property will open in 15 to 30 days!Additional to the 30 rental rooms are a Separate Office and Manager Room Onsite!House next-door to the motel property included in the deal! 1,000 square feet with 1 bedroom and 1 bath! House has a basement! House can obtain $650 in monthly rent if Buyer wishes!10 mins from Southwest Georgia Regional Airport, Parks at Chehaw & Flint River Municipal Golf Course, and the Albany Mall.5 mins from Phoebe Putney Memorial Hospital, Wetherbee Planetarium & Flint RiverQuarium, Albany State University, Albany Technical College & Riverside Park with river tourism!Surrounded by restaurants. Near the MillerCoors Albany Brewery!Asking Price for the Property is only $1.2M!If interested, please contact us with your email, full name and best contact number using reply to this ad button.
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