*** ********* ***, ********, GA
20.88% return
SP:
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Property Description

Motel + Tavern in Georgia!! 

A unique opportunity to own a 13 door motel and bar/tavern in south-central Georgia. Single rooms rent for $40/night and doubles for $45/night. Only $28,500 per unit! Less than an hour and a half from Warner Robbins, one of the largest incoprporated cities in Georgia, and less than 3 hours from Jacksonville, FL. Bar is not currently operating, but can be leased out for extra income. Potential to gross $212,400 a YEAR!! 

Financing available!!

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units14
  • Total bedrooms(unknown)
  • Total bathrooms14
  • Building size5759 sq. ft.
  • Lot size0.6 acres
  • Year built1950
  • County******** County
  • Subdivision********** *********
  • ConstructionBrick/Frame, Brick
  • RoofAsphalt Shingle, Metal
  • Water sourceCity water
  • Water disposalSewer
  • HeatingWindow Unit
  • CoolingWindow A/C

Property Financial Summary

  • Sale price $399,900
  • Estimated rehab 1 $10,000
  • Total investment $409,900
  • Type Proforma
  • Gross income (annually) $212,400
  • Operating expenses (annually) $126,794
  • Net income (annually) $85,606
  • Gross return 51.82%
  • Gross income (monthly) $17,700
  • Operating expenses (monthly) $10,566
  • Net income (monthly) $7,134
  • Net return 20.88%

Property Income & Expenses

  • Income
  • Bar/Tavern
  • Unit 1: studio / 1 bath $1,200/month $14,400/year
  • Main
  • Unit 1: studio / 1 bath $1,200/month $14,400/year
  • Unit 2: studio / 1 bath $1,200/month $14,400/year
  • Unit 3: studio / 1 bath $1,200/month $14,400/year
  • Unit 4: studio / 1 bath $1,200/month $14,400/year
  • Unit 5: studio / 1 bath $1,200/month $14,400/year
  • Unit 6: studio / 1 bath $1,200/month $14,400/year
  • Unit 7: studio / 1 bath $1,200/month $14,400/year
  • Unit 8: studio / 1 bath $1,350/month $16,200/year
  • Unit 9: studio / 1 bath $1,350/month $16,200/year
  • Unit 10: studio / 1 bath $1,350/month $16,200/year
  • Unit 11: studio / 1 bath $1,350/month $16,200/year
  • Unit 12: studio / 1 bath $1,350/month $16,200/year
  • Unit 13: studio / 1 bath $1,350/month $16,200/year
  • Total $17,700/month $212,400/year
  • Expenses
  • Utilities $1,200/month $14,400/year
  • Cable and internet bill $211/month $2,532/year
  • Property Taxes $202/month $2,422/year
  • Vacancy Loss $5,417/month $65,000/year
  • Housekeeping $1,120/month $13,440/year
  • Supplies $125/month $1,500/year
  • Property Management $1,000/month $12,000/year
  • Maintenance reserve $1,000/month $12,000/year
  • Insurance (estimated) $292/month $3,500/year
  • Total $10,566/month $126,794/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.

Q: Why is the property address and location information hidden?
A: This property is a premium property and is completely off-market. Full access is available to premium clients only. If you are not a premium client, we require to have an executed non-disclosure agreement on file in order to share the property details with you.

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