Log In/Sign Up
Your email has been sent.
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 | - |
1 1
1 of 46
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Own a City Block, Hotel, Apts, Houses
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.