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1301 S Washington Avenue

Titusville, FL 32780
  • $985,000
  • STATUS: Active
  • ON SITE: 28 Days
  • MLS #: O6030975
UPDATED: 16 min ago
$985,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,878
    SQFT
  • $342
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

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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© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-07-01T09:44:06.16.
www.globalwiderealty.com/homes/129437331
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1301 S Washington Avenue Titusville, FL 32780

  • Price: $985,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 16 min ago
  • MLS #: O6030975
0
Beds
0
Baths
0
½ Baths
0.26
Acres
2,878
SQFT
$342
$/SQFT
1955
Built
Neighborhood:
Bayview Manor
County:
Brevard
Area:
Titusville
Property 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.
Exterior Features

Construction Materials Block Covered Spaces 0 Foundation Details Slab Open Parking YN No Parking Features 6 To 12 Spaces Road Frontage Type City StreetState Road Road Surface Type Asphalt Roof Concrete Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Appliances DryerMicrowaveRefrigeratorWasher Building Area Total 4035 Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Units / Window Unit Heating YN Yes Levels One Number Of Offices 1 Number Of Restrooms 9 Sewer Public Sewer Stories Total 1 Water Source Public

Property Features

Annual Expenses 71798 Flood Zone Code X Listing Terms CashPrivate Financing Available New Construction Yn No Ownership Corporation Property Condition Completed Property Sub Type Hotel/Motel Security Features Closed Circuit Camera(S)Smoke Detector(S) Special Listing Conditions None Tax Annual Amount 3784.29 Total Annual Fees 0 Total Monthly Fees 0 Utilities Bb/Hs Internet CapableElectricity AvailableEmergency PowerPhone AvailablePublicWater Connected Zoning T


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Equitypro Llc.



© 2022 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2022-07-01T09:44:06.16.
 
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