Titusville Motel with Seller Financing | 1301 S Washington Ave Titusville, Florida 32780 PRICE: 1,210,000.00 | - Bed: 11
- Bath: 11
- Sq Ft: 4,835
- Lot Size: MULTI-FAMILY
- Year Built: 1955
| - Construction: Concrete Block
- Taxes: 6,910.00
- HOA: NONE
- Rehab: 15,000.00
| Description: Immaculately maintained nine-unit motel plus a single-family home, located near downtown Titusville, and just steps from the Indian 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 $75–$100 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. | We offer competitive terms for Fix&Flip, Buy & Hold, STR, DSCR, Construction, Bridge, Commercial, Multi-Family. | Disclosures: - Harborview Group, Inc. dba Harborview Home Buyers, or an affiliate, has this property under contract and holds an equitable interest in this property. This advertisement is for the sale of this equitable interest and contract assignment.
- Sold As-Is for Cash or Private Lender Only
- $5,000 non-refundable deposit is due at the time of contract assignment or signing of contract with Harborview Homebuyers.
- Properties are sold As-Is with NO inspection period; Inspections must be made prior to offer.
- Buyer pays all closing costs for both buyer and seller sides of the transaction.
- ALL information provided including costs, rehab estimate, rental rate/return projections, ARV, square footage, etc must be independently verified. ALL data is based on opinion and estimates of Harborview Homebuyers, actual figures may vary. Square footages are taken from public records.
- Risk of Loss: Real estate investment is speculative in nature and there is a risk of loss. The recipient of this information should carefully consider whether such investing is suitable for them.
- NON-REPRESENTATION: Owners, members, and or employees hold a real estate license in the State of Florida. Any and all information provided is done for strictly informational purposes.
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