HISTORIC HOTEL | Weekly Rentals - 26 units, Turnkey in Daytona Beach, FL

26 units (3 Suites)
Large Parking Areas
21,780 sq.ft.
Year Built 1915

$990,000
SOLD

Historic Hotel in Daytona Beach

Historic Hotel in the heart of Daytona Beach. A local landmark for over 100 years. Convenient location within walking distance near groceries, restaurants, shopping, downtown Daytona Beach, Daytona Beach Library, Marinas, etc. Fully leased. 20 rooms stay rented with minimal vacancy. 26 residential units total (3 suites can be separated as two rooms). Parking: 14 spaces. Manager's suite is a 2BR, 2BA apartment.

Easy business, guests consist of primarily weekly and monthly rentals, not day-to-day. Property consists of 2 parcels , 110 ft of frontage on US1/Ridgewood Ave. Current annual NOI: $95,000 with potential of over $120,000. Rents vary from $480 to $1,100 / mo depending on unit. Most tenants are on reliable Federal income. Partially renovated and recently inspected by the city. Could use additional TLC for increased income. IMPORTANT - DO NOT DISTURB TENANTS NOR EMPLOYEES.

Only financially prequalified showings, by appointment.

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All information is deemed reliable but not guaranteed. No representation is made to the accuracy thereof, and such information is subject to errors, omissions, prior sale, withdrawal, or changes in price, rental rate, commission, lease or financing terms without notice. All square footage and dimensions are approximate. All parties are expected to conduct due diligence and are advised to retain the services of appropriate professionals to verify and ensure the information is correct and meets their requirements.

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