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$895,000
36 Days Online

644 N Donnelly Street
Mount Dora, FL 32757

For Sale|Multi-Family|Pending
Subdivision:
Mount Dora
County:
Lake, FL

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644 N Donnelly Street644 N Donnelly Street644 N Donnelly Street644 N Donnelly Street
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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.

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Listing Snapshot
Price
$895,000
Days Online
36 Days
Bedrooms
N/A
Inside Area (SqFt)
2,836 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.19 Acres
Year Built
1913
MLS Number
G5043490
Status
Pending
Property Tax
$7,985
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
2 weeks agoStatus changed to Pending
3 weeks agoStatus changed to Active
a month agoStatus changed to Pending
a month agoListing first seen online
General Features
Listing Terms
CashConventionalOtherSpecial Funding
Foundation
Slab
Garage
No
Levels
Two
Zoning
C-2
Sewer
Public Sewer
Utilities
Electricity AvailableNatural Gas AvailableOtherPublicStreet LightsWater Connected
Water
Public
Annual Net Income
124154.0
Interior Features
Furnished
Turnkey
Appliances
Bar FridgeBuilt-In OvenDishwasherDryerElectric Water HeaterExhaust FanGas Water HeaterIce MakerMicrowaveOtherRangeRange HoodRefrigeratorTankless Water HeaterWasher
Cooling
Mini-Split Unit(s)
Heating
Other
Fireplace
Yes
Interior
Built in FeaturesCeiling Fans(s)Coffered Ceiling(s)Crown MoldingEating Space In KitchenHigh Ceiling(s)Kitchen/Family Room ComboMaster Bedroom Main FloorDormitorio Principal ArribaOtherSolid Wood CabinetsThermostatTray Ceiling(s)Walk-In Closet(s)Window Treatments
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Exterior Features
Exterior
BalconyIrrigation SystemLightingOtherRain GuttersSidewalk
Roof
Metal
Pool
No
View
City
Waterfront
No
Lot Features
Corner LotHistoric DistrictIn City LimitsSidewalkStreet Paved
Community Features
Pets
Breed RestrictionsNumber LimitSize LimitYes
Security Features
Fire AlarmFire Sprinkler SystemKey Card EntrySecurity LightsSmoke Detector(s)
Senior Community
No
Listing courtesy of HEIRLOOM REALTY INTERNATIONAL



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 consumer 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 at: 2021-07-26 04:00 PM EDT

Neighborhood & Commute
Source: Walkscore
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