Newly Renovated Motel with Adjacent House in Albany, GA

This listing presents a compelling opportunity to acquire a newly renovated 24-room motel in Albany, GA, along with an adjacent house. The motel has recently reopened and is poised for strong performance, with yearly sales projected to exceed $250,000. The property features 24 rentable rooms, a separate office, and a manager's living space. There is significant potential for expansion, with the possibility to increase rentable rooms to 30. The current occupancy rate is approximately 70%, with daily, weekly, and monthly rates established. The business generates a net profit before mortgage of over $166,000 annually, after accounting for manager wages, utilities, insurance, and other operational expenses.

Included in the sale is a 1,000 sq. ft. house with 1 bedroom, 1 bath, and a basement. While currently in need of complete renovation, this house offers substantial potential for additional monthly cash flow of $650 once restored.

The motel's strategic location benefits from proximity to educational institutions like Albany State University and Albany Technical College, as well as popular restaurants and local attractions such as the MillerCoors Albany Brewery, a regional hospital, Planetarium, and Riverside Park. This prime positioning ensures consistent customer traffic. The asking price for this comprehensive property package is $1,200,000.