2 Investment Properties for over 10% Cap Rate, GA

Lyons, GA
Toombs County

2 Investment Properties for over 10% Cap Rate, GA

Asking Price: Annual Revenue:
$189,000 Not Disclosed

Commercial Real Estate: Multi-Family

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RE: 2 Investment Properties for over 10% Cap Rate, GA Broker: Kavita Purohit

Quick Facts

Asking Price: $189,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 463133274
Broker Reference #: Investment189k

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Business Overview:

Two investment properties in Lyons, GA! One is an Airbnb house and the other is a rental house. The lease for the rental house is collecting $450 per month in rent and will expire on April 30, 2021. The tenant maintains the property and has been living there and taking care of the maintenance and repairs for 2 years. Buyer will have the right to re-lease for higher rent or convert the second house to an Airbnb rental as well.

Asking price only $189,000 for both properties! Currently the cap rate is over 10%! In 2021 the potential cap rate can be over 15-18%!

This property has 3 bedrooms, 1 bathroom, and approximately 966 sqft of floor space. This property has a lot size of 4,356 sqft.

Located across the street from the Police Station. No vacant houses in the area. Great demand because of a factory plant and nuclear plant only 15 mins away!

AirBnB details:

Entire house is cleaned and sanitized per CDC guidelines. Each bedroom offers the comfort of a new mattress covered with high quality linens and a luxurious duvet. Organize your clothes and luggage on a hotel-style clothes organizer and luggage rack.

If you have to accommodate extra guests, there is a couch in the living area and an air mattress with all linen sets available at no extra charge.

Full Kitchen: refrigerator, stove, coffee maker, toaster, electric grill, pots and pans, flatware, and silverware. Dining room: Rustic dining table with six chairs. Living room: Two sofa with large screen TV. Laundry room: Free access to washer and dryer including washing liquid. Exterior: Enjoy coffee and sunrise on a large back porch. Central air and heat: Enjoy comfort of air or heat with newly installed unit. WiFi: Fast internet available throughout the living area. Parking available for two cars or truck with a trailer in front of the house.

In a month, the property stays booked for 23 nights at $60 per month. In addition, the renter pays a cleaning fee of $95. The housekeeper only charges $50. Rest of the funds are used for repairs and maintenance! Seller will share his housekeeper number with Buyer.

There are a lot of employees that book this location! They search for Vidalia and surrounding areas and since this location is in the vicinity it shows up on searches. Besides Vidalia houses are twice the rate at $120 per night! Seller is only charging $60 per night! Buyer can list on bookings.com and all the rental websites to increase bookings.

The Seller makes around $1,200 from the AirBnB house. So, his total revenue for both houses is $1650 per month or $19,800 per year. Asking price for both houses is only $189,000 which is over a 10% Cap rate!

If interested, please email your full name and best contact number to us.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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