1301 S Washington Avenue, Titusville, FL 32780 | MLS O6220489 | Listing Information | Innovate Real Estate
FOR SALE
$1,299,900

1301 S Washington Avenue
Titusville, FL 32780

Business Opportunities
Commercial
4,035
Sq. Ft.
0.26
Acre Lot
Courtesy: EQUITYPRO LLC, 407-203-6860
Innovate Real Estate> Florida> Titusville> 32780
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.
O6220489
Commercial - Business Opportunities, 1 Story
1955
Brevard
0.26 Acres
Public
1
Block
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: EQUITYPRO LLC, 407-203-6860


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