811 S Mulberry Ave - Hospitality FOR SALE


Butler, AL 36904
$300,000 USD
770-664-9999
811 S Mulberry Ave, Butler, AL for Sale
$300,000 USD
Hospitality - FOR SALE
1/8
null | 21.67% Cap Rate

811 S Mulberry Ave
Butler, AL 36904


HIGHLIGHTS

  • 20 rooms plus manager's suite included!
  • Spacious Living Quarters with 4 Bedrooms & Large Living Space for the Manager
  • Yearly sales are currently $118,000!

OVERVIEW

Yearly sales are currently $118,000! Net profit is $65,000 per year AFTER paying all other expenses including a Manager's Salary of $13,000 per year that occupies the Manager's Suite onsite. The out-of-town manager will leave upon the sale. Seller's manager can provide one week of training after closing. Perfect for an owner-operator to take home $78,000 per year! That is an extremely high 22.34% Cap Rate! Apartment Complex currently charges $199 weekly and Average Daily Rate is $65! 20 rooms plus manager's suite included! New A/C Units New 40” LED Flat Screen TVs! Spacious Living Quarters with 4 Bedrooms & Large Living Space for the Manager All 20 rooms are fully booked for two months each year when the Georgia Pacific plant shuts down for cleaning!

FOR SALE DETAILS

PRICE

$300,000 USD

PRICE/SF

$34 USD /SF

# OF ROOMS

20

PRICE/ROOM

$15,000 {currency}

CAP RATE

21.67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Efficiency Apartments and Manager's Suite

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1949

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

C-2

APN/PARCEL ID

1304193002007001

ASK ABOUT THIS PROPERTY

Kavita PurohitRiver BrokersMore Info
770-664-9999

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Kavita PurohitRiver BrokersMore Info
770-664-9999

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.