Mount Dora, FL 32757,644 N DONNELLY ST
Mount Dora, FL 32757,644 N DONNELLY ST
Mount Dora, FL 32757,644 N DONNELLY ST
35
$930,000
$895,000
3.9%
Est.Price: ?

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2,836 SqFt

644 N DONNELLY ST Mount Dora, FL 32757

Est. payment /mo
SOLD DATE : 08/13/2021

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Panagiotis Peter Sarantidis

Panagiotis Peter Sarantidis

+1(561) 713-5599

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $930,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

Square Footage 2,836 sqft

Price per Sqft $327

Subdivision Mount Dora

MLS Listing ID G5042186

Sold Date 08/13/21

Construction Status No Contingency

HOA Y/N No

Year Built 1913

Annual Tax Amount $7,985

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 60x135

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.

Location

State FL

County Lake

Community Mount Dora

Zoning C-2

Interior

Heating Other

Cooling Mini-Split Unit(s)

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Utilities Available BB/HS Internet Capable, Electricity Available, Natural Gas Available, Other, Public, Water Connected

Roof Type Metal

Building

Lot Description Central Business District, Corner Lot, Historic District, City Limits, Sidewalk, Street Lights, Paved

Story 2

Entry Level Two

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Structure Type Wood Frame,Wood Siding

New Construction false

Construction Status No Contingency

Others

Ownership Other

Acceptable Financing Cash, Conventional, Other, Private Financing Available

Listing Terms Cash, Conventional, Other, Private Financing Available

Special Listing Condition None

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Stellar MLS
Listed by HEIRLOOM REALTY INTERNATIONAL
Bought with RE/MAX PREMIER REALTY

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agent

Panagiotis Peter Sarantidis

Licensed Real Estate Sales Professional | License ID: 3332095

+1(561) 713-5599

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