Value-Add 12-Unit Motel in GA

Value-Add 12-Unit Motel in GA

13 bed 13 bath 3632 sq ft Built in 1977 Motel
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72
Occupancy Status
Low High
17 /20
Level of Rehab
Heavy Light
17/20
Location of Neighborhood
Far Close
11/20
Quality of Floor Plan
Choppy Flowing
18/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
5/10
Property Details

Presenting value with this cash-flowing investment property in Albany, GA. This opportunity is perfect for savvy investors looking to maximize returns in a growing market. Its central location in Southwest Georgia makes Albany a key hub for trade and travel, boosting its business potential. With a lower cost of living than many other cities, Albany is an attractive option for real estate investors and businesses.

This property not only offers strong cash flow but also presents a significant value-add opportunity. The property has 12 furnished studio units and operates as a licensed extended-stay motel. With a front office that can be converted to a 13-unit quite easily. The current zoning allows for the construction of additional apartment units, which can further increase returns. City water and sewer services are already in place, and on-site management presents a smooth transition for the future owner.

Recent updates include a new roof (2022), kitchenettes in each unit, upgraded plumbing, and new furniture. All PTAC units have been serviced, and monthly pest control is maintained at $60. Additional amenities such as a community BBQ grill and on-site laundry further increase tenant appeal.

The real value lies in the potential to increase pro forma, by developing a second apartment building, creating a substantial upside for investors looking to maximize returns. Contact your EquityPro Advisor today to secure this investment.

 

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We recommend rent
Rental Income
$8,000 mo. / $96,000 yr.
Utilities
$22,000
Estimated Taxes
$4,500 / yr.
Maintenance
$8,500 / yr.
HOA Dues
$0 / yr.
$68,400
Projected Income
17.10%
Estimated APY
Utilities
$22,000
$77,600
Projected Income
18.37%
Estimated ROI

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