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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.

Property Details of 644 N Donnelly Street

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Listed by Elizabeth Downes of HEIRLOOM REALTY INTERNATIONAL

Mount Dora, FL Demographics

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Mount Dora, FL Real Estate Market Data

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Mount Dora, FL Schools

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Based on information submitted to MFRMLS as of June 23, 2021 . All data is obtained from various sources and has not been, and will not be, verified by broker or MFRMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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