Listed by Elysium Commercial Real Estate
$499,000
The Jackson House Airbnb
Details
Property Type Hospitality, Multifamily
Sub Type Hotel, Motel
Square Footage 2,800
Units 2
Cap Rate 11.62%
NOI $58,000
Class B
Year Built 1898
Year Renovated 2022
Buildings 3
Stories 2
Acreage 0.450
Hospitality | 11.62% CAP | 2 Keys
Marketing description
Owner finace is possiable. Can easily be converted into A DIV 1 College student housing. This property is a Multi unit Airbnb. Income is assumed at $58,000 annual net income. This puts this at 11.6% CAP. The guest house rents out at $1800 mo, the main house goes for $425 a day, which it would be more stablized if you leased out the 5 bedrooms instead. The garage is almost complete to be done into a studio apt. A historic home, Jackson House, built in 1898. Ready to be certified historic, it was not yet to ensure all renovetions could be done. Call me for all inquires or offers 256-335-0611
Investment highlights
Multi sources income
Close to div 1 college
Easy access to the entire shoals area
Listing Contacts
Listed by Elysium Commercial Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$58,000.00
$4,833.33/mo
Valuation Metrics
0
DSCR
11.62%
Cap Rate
11.62%
ROI
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