Unlock the potential of this prime investment gem: a 27-room motel nestled at 307 E Vine St, Kissimmee, FL 34744. Recently refurbished rooms boast contemporary allure, attracting a steady stream of guests. The property's flexible rental options cater to both short-term and long-term stays, ensuring consistent high occupancy rates. Boasting a cap rate over 10%, this venture guarantees impressive returns. Convenient access to E Vine St facilitates guest arrivals, promising a seamless experience. The motel's spacious rooms rent at $385 weekly, with four large apartment units commanding $450 per week. A dedicated manager suite and check-in office streamline operations for on-site staff, enhancing efficiency. Ingress and egress to E Vine St, with 49,500 AADT traffic flow, secures a bustling clientele for this sought-after location, surrounded by premier retailers, shopping hubs, and Orlando MSA attractions.
This Motel is listed for $2.5M and the next door Motel Budget Inn East also listed on the market for $2.5M separately can be sold as a portfolio sale for $5M and the seller has the option to purchase the land behind the Motels which consists of 0.70 Acre vacant lot at W Cypress St, Kissimmee, FL 34744, that makes the entire property over 1.90 Acres for $5.9M altogether for an interested party.