About 942 N 5th Street
Investors! This is your future Cash Cow! Come grab it! Nestled on the corner of Lakeview Blvd and N. 5th St in charming Hartsville, SC, this motel is currently undergoing a rejuvenating facelift, poised to emerge as a strong income generator. The property's prime location offers a picturesque view of the lake, providing a tranquil setting for guests. Under the renovation, this motel is being transformed into a modern and inviting retreat, ensuring a comfortable stay. The revamped interiors boast contemporary designs and amenities, ideal for both leisure and business travelers. The strategic corner location enhances visibility, making it an attractive choice and is easily accessible to Sonoco and Coker University. Two years ago, prior to any renovations, the property was generating just over $125,000 annually. Renovations include new RFID door locks, new windows throughout, new flooring, new paint, new case goods (dressers, beds, nightstands, lamps, flat-screen TVs), new countertops, sinks, fridge/freezer, microwaves, all new bathrooms. All that remains is mostly exterior and cosmetics! There are 10 1-BR units and 2 2-BR units. Keep as a motel or convert to multifamily. Now is the time to come swoop this up at this bargain basement price. Using a conservative average daily rate of $55 with a conservative 70% occupancy will produce $168,000 annually. All case goods convey in sale. Please give 24 hours to schedule an appointment to come see the rooms.
