Hotel in Titusville, Florida 267.37 sq.m. № 1255554

Property 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.