1301 S WASHINGTON AVE Active

Titusville,FL 32780

$ 1175000

- Bed

0 Bath

2878 SqFt


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

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