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Royal Inn 821 W Highland Ave 31 Room Hotel Albany, GA 31701 $1,200,000 ($38,710/Room) 13.83% Cap Rate
Investment Highlights
- Yearly sales are expected to generate over $250,000! Motel is newly renovated and recently reopened!
- Net profit before mortgage is over $166,000 per year
- Daily rate is $45. The weekly rate is $225. The monthly rate is $800.
Executive Summary
Yearly sales are expected to generate over $250,000! Motel is newly renovated and recently reopened!
The Motel currently has 24 rentable rooms! Downstairs has an additional separate Office and Manager's Living Room and Kitchen onsite! Upstairs, the Manager is occupying 4 rooms for her family. Opportunity to expand to 30 rentable rooms!
Daily rate is $45. The weekly rate is $225. The monthly rate is $800.
Occupancy rate is roughly 70%.
Net profit before mortgage is over $166,000 per year AFTER $24,000 in Manager wages, $23,000 in utilities, $18,000 in insurance, and all other expenses!
House next-door to the Motel property is included in the sale! Currently the house is in bad condition and will need to be completely renovated. It is 1,000 sq. ft. with 1 bedroom and 1 bath and a basement! After renovations, Buyer could also rent out the house for $650 per month for additional cash flow!
The Motel currently has 24 rentable rooms! Downstairs has an additional separate Office and Manager's Living Room and Kitchen onsite! Upstairs, the Manager is occupying 4 rooms for her family. Opportunity to expand to 30 rentable rooms!
Daily rate is $45. The weekly rate is $225. The monthly rate is $800.
Occupancy rate is roughly 70%.
Net profit before mortgage is over $166,000 per year AFTER $24,000 in Manager wages, $23,000 in utilities, $18,000 in insurance, and all other expenses!
House next-door to the Motel property is included in the sale! Currently the house is in bad condition and will need to be completely renovated. It is 1,000 sq. ft. with 1 bedroom and 1 bath and a basement! After renovations, Buyer could also rent out the house for $650 per month for additional cash flow!
Property Facts
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 31 | $57.00 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 000DD-00007-003 | Improvements Assessment | $92,280 |
| Land Assessment | $9,520 | Total Assessment | $101,800 |
Property Taxes
Parcel Number
000DD-00007-003
Land Assessment
$9,520
Improvements Assessment
$92,280
Total Assessment
$101,800
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Royal Inn | 821 W Highland Ave
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