1301 S WASHINGTON AVE Active Save Request In-Person Tour Request Virtual Tour
Titusville,FL 32780
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 2,878 sqft
Price per Sqft $408
Subdivision Bayview Manor
MLS Listing ID O6220489
HOA Y/N No
Originating Board Stellar MLS
Year Built 1955
Annual Tax Amount $6,910
Lot Size 0.260 Acres
Acres 0.26
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. 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.
Location
State FL
County Brevard
Community Bayview Manor
Zoning T
Interior
Heating Wall Units / Window Unit
Cooling Wall/Window Unit(s)
Appliance Dryer,Microwave,Refrigerator,Washer
Exterior
Garage Parking Spaces - 6 to 12
Utilities Available BB/HS Internet Capable,Electricity Available,Emergency Power,Phone Available,Public,Water Connected
Waterfront false
Roof Type Concrete
Parking Type Parking Spaces - 6 to 12
Building
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Corporation
Acceptable Financing Cash,Owner Financing
Listing Terms Cash,Owner Financing
Special Listing Condition None