$650,000

3485 Us-1

Mims FL, 32754

Description

**CASH COW**This motel property is one-of-a-kind. It sits right on US1 marked by a visible digital sign that drivers can see as they pass by. Very spacious in the front and rear of the motel leaving many opportunities open on the rear side of the motel.The motel has been painted by a local semi-famous artist who is well known for paintings across the USA on buildings and water towers. The motel itself has a 2 bedroom manager suite that has a living room, maintenance room, bedroom, kitchen, and bathroom. This could be converted back into two individual units for rental purposes.The rest of the motel consists of 8 individual units each with there own kitchenette, WiFi, and cable.Cap rate is currently 7.3% (owner only accepts cash and does not do any online marketing)Zon

Details

MLS#1062673
Sub-TypeResale
StatusActive
Year1959
Days On Site55

Features

SQ Feet4,233
Story(s)1
Units8

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Area Information

StateFL
CountyBrevard
CityMims
Zip Code32754
Area99 - Other
Listing VS Median (in 32754)
Price:
$650,000
low | high
Med:
$195,000
100% of Average
SqFt:
4,233
low | high
Med:
1,156
100% of Average
$ / SqFt:
$154
low | high
Med:
$169
40.147058823529% of Average
On Site:
55
low | high
Med:
13
100% of Average
Listing Updated: 11/19/2019
MLS Number: 1062673
Listing Provided By:
Luke Lamoureux  of  Ream Development LLC