Motel and Manager’s Apartment in Butler, AL! Great Opportunity for Early Retirement!

Description

Motel and Manager’s Apartment in Butler, AL! Great Opportunity for Early Retirement!

Manager’s apartment includes 4 bedrooms and a large living room area!

Rentable Rooms: 20 (not including the manager’s apartment!)
New A/C Units!
New 40 LED Flat Screen TV’s!
Nice Living Quarters 4 With large Living Space

All 20 rooms are fully booked for two months a year when the Georgia Pacific plant shuts down for cleaning every year!

Motel currently charges $250 plus tax / weekly or $49 plus tax / daily for King size rooms and $360 plus tax / weekly or $59 plus tax / daily for Double Bed rooms!

There are 9 rooms that are Double Beds and 11 are King Size!

Includes one acre of land!

Property includes 20 rooms with new A/C units and new 40′ LED Flat Screen TVs!

20 minutes from a Georgia Pacific manufacturing plant employing 2500 people, minutes from a major gas company and a power plant! The traffic count is 5230!

There are a lot of customers that visit for hunting!

Only 45 minutes from Meridian, MS!

Current yearly revenue is $110,000 with fixed expenses of $35,000. Seller is taking home $75,000! Seller is currently operating the Property single-handedly with no employees. Cap Rate is extremely high at 19%!

Asking Price for the Business and Property only $399,000! Pay less than the price of a House for an Income Producing Property!

If interested, please call or text us anytime at (770) 664-9999 or email your full name and best contact number to info@riverbrokers.com