644 N DONNELLY STREET, MOUNT DORA, FL 32757 (MLS # G5042186)

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12% CAP RATE! Very hard to find this kind of High Cash Generator. Immaculate hands-off 6 suite Inn in the heart of bustling, booming, Historic Downtown Mount Dora with C2 zoning. Completed in February 2020, this property underwent an entire renovation of the interior and exterior in accordance with the outstanding "Heirloom standard" which resulted in doubling sleeping capacity and creating 6 beautifully appointed suites and rooms each with private bathroom, private entrance, porches, decks, garden, outside seating and covered parking. No on-site management required, however either the Opal or Diamond suites would be ideal if buyer would like to live in beautiful Mount Dora. For incredible cash yield, owner only needs to spend a few hours per week due to set up of automated channel manager interfacing with the booking sites and autopay platform. Seller also installed remote key codes, locking systems and ozone generators to sterilize air between guests all of which is handled within the housekeeping checklist. Housekeeper also takes care of guest and reservation questions. The Heirloom Inn is a licensed turn-key business generating in excess of $18,000 per month with minimal expenses as operations have been streamlined and property has virtually no deferred maintenance. Revenues are all verifiable with reports coming directly from reservation platform and cross referenced to P&L The property has been operating as an Inn for decades and has a high return guest ratio, solid following. 2 of the suites have full eat-in kitchens and 4 have breakfast bars with microwaves, coffee makers and refrigerators. 6 covered parking spaces w/additional parking pads for guests. Sale includes real estate, furniture and fixtures, all booking-site (OTA) relationships, channel manager, platforms, websites, and social media/SEO. Seller is Florida Licensed Real Estate Broker.

DAYS ON MARKET 37 LAST UPDATED 6/19/2021
TRACT MOUNT DORA YEAR BUILT 1913
COMMUNITY 32757 - Mount Dora COUNTY Lake
STATUS Active PROPERTY TYPE(S) Single Family


ADDITIONAL DETAILS
AIRMini-Split Unit(s)
AIR CONDITIONINGYes
APPLIANCESDishwasher, Dryer, Microwave, Refrigerator, Washer
AREA32757 - Mount Dora
CONSTRUCTIONWood Frame, Wood Siding
HEATOther
LOT8100 sq ft
LOT DESCRIPTIONCentral Business District, Corner Lot, Historic District, In City Limits, Sidewalk, Street Lights, Street Paved
LOT DIMENSIONS60x135
STORIES2
STYLEHotel/Motel
SUBDIVISIONMOUNT DORA
TAXES$7985.00
UTILITIESBB/HS Internet Capable,Electricity Available,Natural Gas Available,Other,Public,Water Connected
ZONINGC-2
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with HEIRLOOM REALTY INTERNATIONAL
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 6/22/21 1:51 PM PDT.

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