11 bed 11 bath 4835 sq ft Built in 1955 Multi-family

Titusville | Please contact your advisor for address.

Immaculately maintained nine-unit motel plus a single-family home, located near downtown Titusville, and just steps from the Indian River. The part-time, live-in manager makes daily operations easy. This investment features eight themed guest rooms, a high-end, finished manager’s apartment, an office, a coin-operated laundry facility, and a housekeeper’s storage room. The live-in manager is compensated with a rent-free apartment. The brick paver parking lot, tropical landscaping, and patio seating make this an attractive place to stay.​ Units are primarily rented weekly and monthly, by contract workers and local construction tradespeople, averaging 90% occupancy at $400 per week.

Included in this opportunity is a concrete block, single-family home on its own parcel, located behind the motel and rented for $2,000 per month. On-site laundry and vending machines bring in an additional $75–$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 breweries, boutique shops, bike trails, and a public boat ramp. Playalinda Beach is a quick ten-minute drive away. Walk into this turn-key property and generate a 10% yield, from day one. 

Seller Financing is available for qualified buyers with 30% down. Please contact your EquityPro Advisor for additional information.