Newly Renovated Motel Property with Adjacent House in Albany, GA! - Business for Sale
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Motel Property with Adjacent House in Albany, GA
Albany, GA, US
Added 1 month ago
Motel and lodging property
A newly renovated motel property with 24 rentable rooms and an adjacent house is for sale in Albany, GA.
Key Information
Asking
$1.2M
Revenue
$250K
Earnings
$166K
Multiple
7.2x
Key Highlights
- Motel has 24 rentable rooms, with potential to expand to 30 rooms
- Occupancy rate is approximately 70%
- Daily 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 renovation, with potential rental income of $650 per month after renovation
Contact Info
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