Commercial Real Estate in Adel available for sale
Adel Motels For Sale

Motels for Sale within 50 kilometers of Adel, GA, USA

More details for 4308 Hickory Grove Rd N, Valdosta, GA - Land for Sale

Hickory Grove Rd Land-Home Combo - 4308 Hickory Grove Rd N

Valdosta, GA 31606

  • Motel
  • Land for Sale
  • $2,903,040 CAD
  • 281.19 AC Lot
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More details for 218 W Hill Ave, Valdosta, GA - Multifamily for Sale

Courlley Court II - 218 W Hill Ave

Valdosta, GA 31601

  • Motel
  • Multifamily for Sale
  • $3,525,120 CAD
  • 21,104 SF

Valdosta Multifamily for Sale

Courlley Court II is a rare opportunity to invest in a turnkey, stabilized, and proven multifamily asset located in downtown Valdosta, Georgia. Offered at $2,550,000 (approximately $63,750 per unit). The property consists of 40 total units, including 38 residential apartments and two on-site offices. The residential unit mix includes 36 efficient one-bedroom/one-bath units and 2 two-bedroom/one-bath units, along with a manager’s office and additional office space. Originally constructed as a motel, the property was completely gutted and converted to apartment use in 2022. All residential units were fully rebuilt and feature durable finishes and efficient layouts with kitchenettes, updated cabinetry, flooring, fixtures, and lighting. Kitchenettes include mini-refrigerators, two-burner electric cooktops, and microhood vent systems. Courlley Court II operates under the Housing Choice Voucher (formerly known as Section 8) federally-funded housing program, providing reliable, government-backed rental payments and consistent demand. Pro forma rents average ±$875 per residential unit, equating to ±$35,000 in monthly income ($420,000 annually). Using a conservative 40% operating expense ratio, the property supports a ±9.9% pro forma cap rate at the asking price. All residential units are individually metered for electricity and directly billed to tenants by Georgia Power, reducing landlord utility exposure. Ownership provides hot water, property-wide Wi-Fi, and dumpster service. Additional amenities include an on-site tenant laundry room. Major capital improvements include a new Duro-Last commercial roof installed in 2025, complete with a 20-year transferable warranty, significantly reducing near-term capital expenditure risk.

Contact:

Coldwell Banker Commercial Premier Real Estate

Property Subtype:

Apartment

Date on Market:

2026-02-09

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More details for 2103 W Hill Ave, Valdosta, GA - Land for Sale

Commercial Lots, SW Exit 16, I-75 & US Hwy 84 - 2103 W Hill Ave

Valdosta, GA 31601

  • Motel
  • Land for Sale
  • $1,036,800 CAD
  • 1 AC Lot
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More details for 806 US-82, Tifton, GA - Office for Sale

806 W Hwy 82 - 806 US-82

Tifton, GA 31794

  • Motel
  • Office for Sale
  • $828,058 CAD
  • 3,000 SF
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