Own a City Block, Hotel, Apts, Houses FOR SALE


Toccoa, GA
$2,300,000 USD
, Toccoa, GA for Sale
$2,300,000 USD
FOR SALE
1/45
null | 8.93% Cap Rate

Own a City Block, Hotel, Apts, Houses
Toccoa, GA


HIGHLIGHTS

  • Own a whole city block with a hotel and other income-producing properties.
  • 9.34% Cap Rate/15.34% Pro forma
  • Renovated in 2022!
  • Easy conversion to dormitory-style housing/Senior Living
  • Motel ($1,300,000) and multi-family properties may be subdivided and sold separately
  • Great location facing Hwy 123 and close to Hwy 17

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Christian SwannChristian Swann GroupMore Info

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Christian SwannChristian Swann GroupMore Info

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