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Own a City Block, Hotel, Apts, Houses 3 Properties Offered at $2,300,000 in Toccoa, GA
INVESTMENT HIGHLIGHTS
- Own a whole city block with a hotel and other income-producing properties.
- Renovated in 2022!
- Motel ($1,300,000) and multi-family properties may be subdivided and sold separately
- 9.34% Cap Rate/15.34% Pro forma
- Easy conversion to dormitory-style housing/Senior Living
- Great location facing Hwy 123 and close to Hwy 17
EXECUTIVE SUMMARY
Invest in this city block boasting diverse income-generating properties, recently renovated to include a 38-room motel, 4 suites, 6 apartments, and 4 houses. The owner's house offers potential conversion into versatile spaces like dormitory-style housing for students or seniors. This complex could potentially yield over $300,000 in cash flow, boasting an impressive 9.34% Cap Rate. Renovations cover essential upgrades like a new metal roof, doors, windows, gutters, as well as ongoing work on flooring, electrical, plumbing, and paint. Motel may be pruchased separately for $1,300,000.
Strategically positioned facing Hwy 123 and near Hwy 17, it's within a 5-minute reach of North Georgia Christian College and Toccoa Falls. Just 1 minute from the Amtrak station and the Army Museum, 5 miles from the convention center, and a convenient 30-minute drive from Helen, GA
Motel and multi-family properties may be subdivided and sold separately.
Strategically positioned facing Hwy 123 and near Hwy 17, it's within a 5-minute reach of North Georgia Christian College and Toccoa Falls. Just 1 minute from the Amtrak station and the Army Museum, 5 miles from the convention center, and a convenient 30-minute drive from Helen, GA
Motel and multi-family properties may be subdivided and sold separately.
DATA ROOM Click Here to Access
TAXES & OPERATING EXPENSES (ACTUAL - 2022) |
ANNUAL |
|---|---|
| Gross Rental Income |
$374,733
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$374,733
|
| Taxes |
$6,000
|
| Operating Expenses |
$163,156
|
| Total Expenses |
$169,156
|
| Net Operating Income |
$205,577
|
TAXES & OPERATING EXPENSES (ACTUAL - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $374,733 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $374,733 |
| Taxes | |
|---|---|
| Annual | $6,000 |
| Operating Expenses | |
|---|---|
| Annual | $163,156 |
| Total Expenses | |
|---|---|
| Annual | $169,156 |
| Net Operating Income | |
|---|---|
| Annual | $205,577 |
PROPERTY FACTS
| Price | $2,300,000 | Number of Properties | 3 |
| Price / SF | $153.84 / SF | Individually For Sale | 0 |
| Cap Rate | 8.93% | Total Building Size | 14,951 SF |
| Sale Type | Investment | Total Land Area | 1.87 AC |
| Status | Active |
| Price | $2,300,000 |
| Price / SF | $153.84 / SF |
| Cap Rate | 8.93% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 14,951 SF |
| Total Land Area | 1.87 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Regency Inn
70 Felton Dr, Toccoa, GA 30577 |
Hospitality | 10,000 SF | 1953 | - |
| 435 W Currahee St, Toccoa, GA 30577 | Multifamily | 4,000 SF | 1949 | - |
| 428 W Franklin St, Toccoa, GA 30577 | Multifamily | 951 SF | 1930 | - |
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Own a City Block, Hotel, Apts, Houses
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