Here is a substantial value-add opportunity in Central Florida. This concrete block motel offers over a dozen guest rooms, an office, a manager's apartment, and a small laundry room, ideally situated on a major Florida highway with strong road exposure and next to restaurants and shopping.

In addition, a billboard contract is in place with a major billboard company. The contract renews annually and should be renegotiated to reflect market rates. 

The large parcel offers further potential to add units, lease space for vehicle parking, or pursue other complementary uses, and the location and building are well suited to weekly and monthly rental housing. Well-managed competing motels in the area reportedly maintain high occupancy.

Even with deferred maintenance, this property currently averages 80% occupancy. A new roof, re-paved parking lot, and general exterior clean-up would add instant curb appeal, while refreshed guest rooms, updated furniture, and mini-split AC units in place of the window units would go a long way toward raising rental income and rents.

Financial snapshot

• Projected weekly rents of $400+ once updated
• Estimated 15% NOI based on realistic pro forma
• Estimated market value of $1.4M+ at a 10% cap rate

Two ways to buy

• $695,000 all-cash, or
• $735,000 with $250,000 down and competitive seller-financing terms

Formal financials are not available for this property; detailed pro forma estimates can be provided upon request.

Request a confidentiality agreement and additional information from your EquityPro REI Advisor today!