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1301 S Washington Ave
For Sale $1,175,000 ($408.27 per Sq Ft)
$1,175,000 ($408.27 per Sq Ft)
- Units
- 2,878 Sq Ft
- 11,326 Sq Ft
- Unknown Cap Rate
Description
Immaculately maintained nine-unit motel plus a single-family home, located near downtown Titusville, and just steps from the River. The part-time, live-in manager makes daily operations easy. This investment features eight themed guest rooms, a high-end, finished manager's apartment, an office, a coin-operated laundry facility, and a housekeeper's storage room. The live-in manager is compensated with a rent-free apartment. The brick paver parking lot, tropical landscaping, and patio seating make this an attractive place to stay.? Units are primarily rented weekly and monthly, by contract workers and local construction tradespeople, averaging 90% occupancy at $400 per week.
Included in this opportunity is a concrete block, single-family home on its own parcel, located behind the motel and rented for $2,000 per month. On-site laundry and vending machines bring in an additional $50–$75 per week, not reflected in our pro-forma.
Guests enjoy a world-class view of SpaceX rocket launches. In addition, Downtown Titusville is thriving, and offers live theater, quaint restaurants and breweries, boutique shops, bike trails, and a public boat ramp. Playalinda Beach is a quick ten-minute drive away. Walk into this turn-key property and generate a 10% yield, from day one.
Seller Financing is available for qualified buyers with 30% down.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,175,000 |
| Property Type | Hotel & Restaurants |
| Usable Sqft | 2,878 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1955 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2235102500004.00001.00 |
| MLS # | O6220489 |
| Property ID | 320639126 |
| Lot Sqft | 11,326 |
| Zoning | T |
| Days on Market | 172 |
| Original List Price | $1,299,900 |
| Applicances | Dryer, Microwave, Refrigerator, Washer% |
| Date Updated | October 02, 2024 |
| Date Created | July 03, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Rafael Bolivar Mendoza an agent of . Lic #3425408
© 2024 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of October 02, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT