Nine Unit Motel in Titusville

Nine Unit Motel in Titusville

9 bed 9 bath 4035 sq ft Built in 1955 Multi-family
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80
Occupancy Status
Low High
18 /20
Level of Rehab
Heavy Light
18/20
Location of Neighborhood
Far Close
15/20
Quality of Floor Plan
Choppy Flowing
16/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
9/10
Property Details

Immaculately maintained and fully occupied 9 unit motel located in downtown Titusville, steps from the Indian River. This investment features eight themed guest rooms, a high-end finished manager's apartment which is now vacant and can be rented for top dollar, an office, coin operated laundry facilities, and a maid's storage room. The brick paver parking lot, tropical landscaping, and patio seating make this an attractive place to stay.​  Units are primarly rented weekly and monthly by contract workers, NASA employees, and local construction trades. The motel is 100% occupied at $375 per week with rents being raised to $400 weekly. On-site laundry and vending machine brings in an additional $100 per week, not reflected in our pro-forma.

Guests enjoy a world-class view of SpaceX rocket launches. In addition, Downtown Titusville is thriving and offers live theater, quaint restaurants and brewery, boutique shops, bike trails, and public boat ramp. Playalinda Beach is a quick ten-minute drive away. Walk into this turn-key property and generate a near 10% return from day-one. Please contact your EquityPro Advisor with any serious interest.

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We recommend rent
Rental Income
$12,900 mo. / $154,800 yr.
Utilities
$25,500
Property Insurance
$12,500 / yr.
Estimated Taxes
$4,500 / yr.
Property Management
$20,000 / yr.
Maintenance
$15,000 / yr.
HOA Dues
$0 / yr.
$102,800
Projected Income
10.87%
Estimated APY
Utilities
$25,500
$204,500
Projected Income
20.54%
Estimated ROI

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