811 S Mulberry Ave - Hospitality FOR SALE


Butler, AL 36904
$369,000 USD
770-664-9999
811 S Mulberry Ave, Butler, AL for Sale
$369,000 USD
Hospitality - FOR SALE
1/8
null | 17.62% 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

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 Perfect for an owner-operator to take home $78,000 per year! That is an extremely high 21.14% Cap Rate! Apartment Complex currently charges $199 weekly and Average Daily Rate is $65!

FOR SALE DETAILS

PRICE

$369,000 USD

PRICE/SF

$41 USD /SF

# OF ROOMS

20

PRICE/ROOM

$18,450 {currency}

CAP RATE

17.62%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Inn

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.