Viewing Listing MLS# 7266175
Rome, GA 30165
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/A SqFt
- 1952Year Built
- 1.08Acres
- MLS# 7266175
- Multifamily
- Other
- Active
- Approx Time on Market8 months, 4 days
- AreaN/A
- CountyFloyd - GA
- SubdivisionNa
Overview
Welcome to a unique opportunity to own a remarkable extended stay motel located on Martha Berry Highway in the charming city of Rome, GA. This property presents an exceptional investment prospect, boasting 15 units that cater to the growing demand for extended stay accommodations. Nestled conveniently along the highly sought-after Martha Berry Highway, this motel enjoys unparalleled visibility and accessibility as residents and guests are just moments away from a myriad of local attractions, including historic sites, vibrant dining establishments, and scenic parks. The property's strategic positioning offers easy access to major highways, ensuring seamless travel for all. Beyond the exceptional location, this extended stay motel presents an enticing investment opportunity. With the growing demand for extended stay options, you can capitalize on a market that seeks both comfort and convenience. The property's established reputation for quality service and its prime location will ensure a steady stream of clientele, promising attractive returns on your investment. Situated on over 1 acre along the highway with road frontage on two sides, this lot also presents exceptional upside for development within minutes of Rome Tennis Center (largest in the nation) and Berry College. Seize the opportunity to invest in a property that not only promises financial gain but also allows you to be a part of a thriving community. Contact us today to for more information!
Association Fees / Info
Hoa: No
Community Features: Other
Bathroom Info
Building Info
Habitable Residence: Yes
Number of Units Total: 15
Exterior Features
Fence: Chain Link
Pool Private: No
County: Floyd - GA
Acres: 1.08
Financial
Original Price: $1,300,000
Operating Expense: 18000
Net Operating Income: 163,980
Owner Financing: Yes
Cap Rate: 12.6
Gross Income: 20,280
Garage / Parking
Parking Features: Parking Lot
Green / Env Info
Green Energy Generation: None
Handicap
Accessibility Features: None
Interior Features
Security Ftr: None
Levels: One
Lot Info
Lot Size Source: Owner
Lot Features: Corner Lot, Level
Lot Size: x
Misc
Property Attached: No
Home Warranty: Yes
Open House
Other
Property Info
Construction Materials: Block
Year Built: 1,952
Property Condition: Resale
Roof: Metal
Property Type: Residential Income
Rental Info
Land Lease: Yes
Special Features
Green Features: None
Special Listing Conditions: None
Special Circumstances: Sold As/Is
Tax Info
Tax Amount Annual: 5282
Tax Year: 2,022
Tax Parcel Letter: J11Y-187
Unit Info
Utilities / Hvac
Cool System: Window Unit(s)
Heating: Electric
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Sewer: Public Sewer
Waterfront / Water
Water Body Name: None
Water Source: Public
Waterfront Features: None
Directions
USE GPSListing Provided courtesy of Keller Williams Realty Intown Atl