This offering includes the Ocala Cove 20-RM Extended Stay. There are 19 rental units and on 2-bedroom apartment for an owner occupant or another room that can be rented. Each unit includes a kitchenette making it convenient for patrons needing a comfortable long-term stay. Currently the rent includes monthly collections from tenants averaging $1600. The new owner has an option to collect the Average Daily Rent, possibly earning more revenue.
Property Information Link: https://www.dropbox.com/t/NkBeMOifHQs5mQX5
This offering include:
• .61-acres
• 20-Unit Motel 7,798 SF (19 Rental Units Plus 1- 2/1 Apartment)
• Built/Renovated: 1958/2013 (Structural includes newer roof)
• Kitchenettes installed in each room (Refrigerator, Sink, Microwave)
• Billboard ($1,351/mo)
• Current Occupancy: 100%
• Current Gross Revenue: $299,546 (2024)
• Current NOI: $135,000 (2024)
Price: $1,380,000 OBO