Detail

update dateSeptember 1, 2022 publish DateSeptember 1, 2022 Total views 191
  • Type: Hotel/Motel
  • Flag:NA
  • Service Type:Full Service
  • Rooms:20
  • Corridor:Exterior
  • Business center:No
  • Meeting rooms:NA
  • Pool:None
  • Status: Active
  • Listing ID:7632
  • Financing: Bank Financing
  • Floors: 1
    • Description

      Motel for less than the Price of a House in Butler, AL! Great Opportunity for First-Time Buyer!

      Includes a manager’s apartment with 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
      Cap Rate: 12%
      Asking Price is only $289,000!

      $245/weekly or $45/daily for King size rooms and $275/weekly or $50/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 visitors that come there for hunting as well!

      Located in Butler, AL which is only 45 minutes from Meridian, MS!

      Current yearly revenue is $110,000 with fixed expenses of $40,000. An owner-operator can take home $70,000 including their payroll! The payroll would be $36,000 per year! Cap Rate is extremely high at 12%!

      Asking Price for the Business and Property only $289,000! Pay less than the price of a House for an Income Producing Property!

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

      Highlights

      .Motel for less than the Price of a House in Butler, AL! Great Opportunity for First-Time Buyer!
      .Motel for less than the Price of a House in Butler, AL! Great Opportunity for First-Time Buyer!

      Financial Details

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        Gross rental income: $110,000 $Infinity
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