Motel Property in Vidalia, GA! Lease Purchase available with 20% down payment!
Detailupdate dateMay 9, 2022 publish DateMay 9, 2022 Total views 35
2020 Revenue: $344,360
2020 Net Profit: $187,590
2020 Cap Rate at 10.5%!
Current Rentable Rooms: 70
Current Occupancy Rate: 40%
Current ADR: $40
Current numbers are higher than 2020 numbers!
Property includes a 3-bedroom apartment!
Approved for either conversion to Travelodge or OYO if you wish to go the franchise route.
Brand new hardwood floors in 30 rooms! Electrical & Plumbing Completely Renovated! 2 new roofs and AC units were installed in 2020!
Restaurants within walking distance for hotel customers! 2 miles from Vidalia Regional Airport! Perfect location for visitors of the annual Vidalia Onion Festival! 4 mins from Vidalia Onion Museum, Art & History Museum and Theatre. 4 miles from Two Golf Clubs. Walking Distance to a Medical Center and the City Park.
Asking Price with Property is $1.79M! Seller is willing to Lease Purchase with 20% down payment for a qualified Buyer!
If interested, please give us a call anytime at (770) 664-9999 or email your full name and best contact number to firstname.lastname@example.org
|Gross rental income:||$344,360||$Infinity|
|Net Operating Income:|