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    644 N Donnelly Street

    Mount Dora, FL 32757
    • $895,000
    • STATUS: Active
    • ON SITE: 34 days
    • MLS #: G5042186
    Price Reduced
    UPDATED: 65 min ago
    $895,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,836
      SQFT
    • $316
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1913
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    © 2021 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 2021-06-21T14:41:18.647.
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    644 N Donnelly Street Mount Dora, FL 32757

    • Price: $895,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: G5042186
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,836
    SQFT
    $316
    $/SQFT
    1913
    Built
    Neighborhood:
    Mount Dora
    County:
    Lake
    Area:
    Mount Dora
    Property Description
    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.
    Exterior Features

    Adjoining Property Commercial Construction Materials Wood FrameWood Siding Foundation Details Slab Lot Features Central Business DistrictCorner LotHistoric DistrictIn City LimitsSidewalkStreet LightsStreet Paved Lot Size Dimensions 60X135 Roof Metal Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Appliances DishwasherDryerMicrowaveRefrigeratorWasher Ceiling Height 10 To 15 Feet Cooling Mini-Split Unit(S) Freezer Space Yn No Heating Other Levels Two Numof Offices 1 Sewer Public Sewer Stories Total 2

    Property Features

    Additional Parcels Yn No Annual Expenses 99650 Complex Development Name The Heirloom Inn Downtown Mount Dora Electric 110 Volts220 Volts Flood Zone Code X Listing Terms CashConventionalOtherPrivate Financing Available Net Operating Income 224051 New Construction Yn No Property Condition Completed Property Sub Type Hotel/Motel Realtor Info List Agent is OwnerNo SignSurvey Available Security Features Fire Alarm Special Listing Conditions None Tax Annual Amount 7985.00 Tax Year 2020 Total Num Buildings 1 Utilities Bb/Hs Internet CapableElectricity AvailableNatural Gas AvailableOtherPublicWater Connected Zoning C-2


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Heirloom Realty International.



    © 2021 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 2021-06-21T14:41:18.647.
     
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