Cash Cow Hotel

1376 Highway 69, Grand Ridge, FL

28.53% return

SP: $1,099,900

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Property Description

Steal this property before it hits the market! Operational 60 unit motel. Property is off market. NDA is required for location and more information. 450k+ in gross income. Potential to generate over 1mil when all rooms are complete. Concrete block inside and out. Newer metal roof. Tons of work already done on the property. No major issues, no deferred maintenance needed. Serious inquiries only. Call today!

Property Information

Listing statusSold
Property typeMulti Family
Total units60
Total bedrooms0
Total bathrooms60
Building size23142 sq. ft.
Lot size4.0 acres
Year built1984

CountyJackson County
Subdivision
ConstructionCBS
RoofMetal
Water sourceCity water
Water disposalSeptic
HeatingWall unit
CoolingWall A/C

Property Financial Summary

Sale price$1,099,900
Estimated rehab¹$0
Total investment$1,099,900

TypeActual

Gross income (annually)$423,168
Operating expenses (annually)$109,392
Net income (annually)$313,776
Gross return38.47%

Gross income (monthly)$35,264
Operating expenses (monthly)$9,116
Net income (monthly)$26,148
Net return28.53%

Property Income & ExpensesMonthlyAnnual

Income

Hotel/Motel room rental income$35,264/month$423,168/year
Unit 101: studio / 1 bath$0/month$0/year
Unit 102: studio / 1 bath$0/month$0/year
Unit 103: studio / 1 bath$0/month$0/year
Unit 104: studio / 1 bath$0/month$0/year
Unit 105: studio / 1 bath$0/month$0/year
Unit 106: studio / 1 bath$0/month$0/year
Unit 107: studio / 1 bath$0/month$0/year
Unit 108: studio / 1 bath$0/month$0/year
Unit 109: studio / 1 bath$0/month$0/year
Unit 110: studio / 1 bath$0/month$0/year
Unit 111: studio / 1 bath$0/month$0/year
Unit 112: studio / 1 bath$0/month$0/year
Unit 113: studio / 1 bath$0/month$0/year
Unit 114: studio / 1 bath$0/month$0/year
Unit 115: studio / 1 bath$0/month$0/year
Unit 116: studio / 1 bath$0/month$0/year
Unit 117: studio / 1 bath$0/month$0/year
Unit 118: studio / 1 bath$0/month$0/year
Unit 119: studio / 1 bath$0/month$0/year
Unit 120: studio / 1 bath$0/month$0/year
Unit 121: studio / 1 bath$0/month$0/year
Unit 122: studio / 1 bath$0/month$0/year
Unit 123: studio / 1 bath$0/month$0/year
Unit 124: studio / 1 bath$0/month$0/year
Unit 125: studio / 1 bath$0/month$0/year
Unit 126: studio / 1 bath$0/month$0/year
Unit 127: studio / 1 bath$0/month$0/year
Unit 128: studio / 1 bath$0/month$0/year
Unit 129: studio / 1 bath$0/month$0/year
Unit 130: studio / 1 bath$0/month$0/year
Unit 131: studio / 1 bath$0/month$0/year
Unit 132: studio / 1 bath$0/month$0/year
Unit 133: studio / 1 bath$0/month$0/year
Unit 134: studio / 1 bath$0/month$0/year
Unit 135: studio / 1 bath$0/month$0/year
Unit 136: studio / 1 bath$0/month$0/year
Unit 137: studio / 1 bath$0/month$0/year
Unit 138: studio / 1 bath$0/month$0/year
Unit 139: studio / 1 bath$0/month$0/year
Unit 140: studio / 1 bath$0/month$0/year
Unit 141: studio / 1 bath$0/month$0/year
Unit 142: studio / 1 bath$0/month$0/year
Unit 143: studio / 1 bath$0/month$0/year
Unit 144: studio / 1 bath$0/month$0/year
Unit 145: studio / 1 bath$0/month$0/year
Unit 146: studio / 1 bath$0/month$0/year
Unit 147: studio / 1 bath$0/month$0/year
Unit 148: studio / 1 bath$0/month$0/year
Unit 149: studio / 1 bath$0/month$0/year
Unit 150: studio / 1 bath$0/month$0/year
Unit 151: studio / 1 bath$0/month$0/year
Unit 152: studio / 1 bath$0/month$0/year
Unit 153: studio / 1 bath$0/month$0/year
Unit 154: studio / 1 bath$0/month$0/year
Unit 155: studio / 1 bath$0/month$0/year
Unit 156: studio / 1 bath$0/month$0/year
Unit 157: studio / 1 bath$0/month$0/year
Unit 158: studio / 1 bath$0/month$0/year
Unit 159: studio / 1 bath$0/month$0/year
Unit 160: studio / 1 bath$0/month$0/year
Total$35,264/month$423,168/year

Expenses

Advertising$615/month$7,376/year
Commissions$705/month$8,466/year
Payroll Expenses$1,826/month$21,909/year
Merchant Fees$186/month$2,236/year
Property Taxes$192/month$2,306/year
Payroll Taxes$409/month$4,907/year
State Sales Tax$2,363/month$28,359/year
Electric bill$1,086/month$13,033/year
Waste Collection$164/month$1,968/year
Internet & Phone Bill$167/month$2,004/year
Gas Utility Bill$641/month$7,687/year
Supplies$345/month$4,141/year
Miscellaneous Expenses$417/month$5,000/year
Total$9,116/month$109,392/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.