Property Description:
Prime Investment Opportunity
Plenty of opportunities such as extended stay motel conversion with tons of rental income. Potential investors add this property to your portfolio.
Priced well below Replacement Cost Value.
30 units with full bathrooms. Plus a 5-bed owner/manager's house (4 rooms could also be rented) with a full kitchen, a full commercial laundry room, and storage rooms on 3 acres. Quiet location, away from town noise, and close enough for quick shopping. Extensive highway frontage and visibility.
The property has been well-maintained and is in Elm City/Sharpsburg, NC area on busy Hwy 301. Only 15 minutes to Rocky Mount to the North and Wilson to the South. Raleigh is only a 55 minutes drive and 35 minutes to Greenville NC. Close proximity to Rocky Mount - Wilson Regional Airport, I-95, US 64, US 264, and Hwy 97.
Many options apart from the current daily stay motel business ie convert to Long Term Stay Motel or remodel to Extended Stay Studio Apartments, Bed and Breakfast, Senior Citizen Apartments, ample land to build more rooms, gas station, and fast food restaurant.
Serious Investors/Buyers only. No brokers or Wholesalers please, Call Nick Mehta at 252-236-3018 or email at nick.mehta59@gmail.com to schedule an appointment to view the property. Please have your proof of funds documentation available.
Thank you.