Description
Immaculately maintained and fully occupied 8+ suite motel located in downtown Titusville, steps from the Indian River. This investment features eight themed guest rooms, a high-end finished manager's apartment, a private office, laundry facilities, and a maid's storage room. The brick paver parking lot, tropical landscaping, and patio seating make this an attractive place to stay. Units rent for around $375 per week with almost no vacancy. On-site laundry brings in additional income not accounted for in our Pro-forma. Downtown Titusville is thriving, providing live theater, quaint restaurants & bars, boutique shops, bike trails, public boat ramp. Playalinda Beach is a quick drive away. We estimate a market cap rate of 6%, giving this property a value of $1.5M. Please do not disturb guests or employees.
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0BEDS
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0.26ACRES
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0BATHS
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01/2 BATHS
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2,878SQFT
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$342$/SQFT
School Ratings & Info
Description
Immaculately maintained and fully occupied 8+ suite motel located in downtown Titusville, steps from the Indian River. This investment features eight themed guest rooms, a high-end finished manager's apartment, a private office, laundry facilities, and a maid's storage room. The brick paver parking lot, tropical landscaping, and patio seating make this an attractive place to stay. Units rent for around $375 per week with almost no vacancy. On-site laundry brings in additional income not accounted for in our Pro-forma. Downtown Titusville is thriving, providing live theater, quaint restaurants & bars, boutique shops, bike trails, public boat ramp. Playalinda Beach is a quick drive away. We estimate a market cap rate of 6%, giving this property a value of $1.5M. Please do not disturb guests or employees.
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