Motel Property with Adjacent House in Albany, GA - Business for Sale
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Motel with 24 Rooms and Adjacent House in Albany, GA
Albany, GA, US
Added 2 years ago
Motel and Property Rental Services
Newly renovated motel with 24 rentable rooms and an adjacent house requiring renovation is offered for sale in Albany, GA.
Key Information
Asking
$1.2M
Revenue
$250K
Earnings
$167K
Multiple
7.2x
Key Highlights
- Motel has 24 rentable rooms, with opportunity to expand to 30 rooms.
- Occupancy rate is approximately 70%.
- Daily room rate is $45; weekly rate is $225; monthly rate is $800.
- Sale includes an adjacent 1,000 sq. ft. house (1 bedroom, 1 bath, basement) in need of complete renovation, with potential rental income of $650 per month after renovation.
Contact Info
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