Address
644 N DONNELLY STREET Mount Dora, FL
Price
$ 950,000
Property Attributes
  • MLS#G5034903
  • TypeCommercial
  • CountyLAKE
  • CityMount Dora
  • AreaMount Dora
  • NeighborhoodMount Dora
  • Zip32757
  • StyleHotel/Motel
  • Year Built1913
  • Taxes8086
  • Price$ 950,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2836
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
HEIRLOOM REALTY INTERNATIONAL
Property Description

9.5% CAP. High Cash Generator in the heart of bustling, 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 bath, 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 less than 5 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 $9,500 per month with minimal expenses as operations have been streamlined and no deferred maintenance. Revenues are all verifiable with reports coming directly from reservation platform. 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 site relationships, channel manager, platforms, websites, social media and thorough training and introductions. Seller may consider financing with 50%+ downpayment and terms to be discussed. Seller is Florida Licensed Real Estate Broker.

Price History
10/20/2020 Listed $950,000

General Features

Appliances Dishwasher, Dryer, Microwave, Refrigerator, Washer
Business Type Commercial, Hotel/Motel
Ceiling Height 10 to 15 Feet
Complex Development Name The Heirloom Inn Downtown Mount Dora
Construction Materials Wood Frame, Wood Siding
Cooling Mini-Split Unit(s)
Electric 110 Volts, 220 Volts
Heating Other
Levels Two
MLS Area 32757 - Mount Dora
Property SubType Hotel/Motel
Property Type Commercial
Roof Metal
Security Features Fire Alarm
Sewer Public Sewer
Special Listing Conditions None
Status Active
Subdivision Name MOUNT DORA
Terms Cash, Conventional, Other, Private Financing Available
Total Num Buildings 1
Total Units 6
Township 19S
Utilities BB/HS Internet Capable, Electricity Available, Natural Gas Available, Other, Public, Water Connected
Year Built 1913
Zoning C-2

Interior Features

Living Area 2836.00
Numof Hotel Motel Rms 6
Numof Offices 1

Exterior Features

Building Area Total 2836.00
Foundation Details Slab
Lot Dimensions 60x135
Lot Features Central Business District, Corner Lot, Historic District, In City Limits, Sidewalk, Street Lights, Street Paved
Lot Size Acres 0.19
Lot Size Square Feet 8100
Road Frontage Type Business District, City Street, Main Throrughfare, Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32757

Price
AVG $720K
$950K
Taxes
AVG $8,459
$8,086
Visits
AVG 81
12
Year Built
AVG 1966
1913
Walkscore
AVG 37
65
Data Provided by Walkscore ® not using MLS data

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