Skip To Content
    Return to Previous Page

    644 N Donnelly Street

    Mount Dora, FL 32757
    • $950,000
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: G5034923
    UPDATED: 89 min ago
    $950,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,836
      SQFT
    • $335
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:
    Area:

    School Ratings & Info

    Description

    9.5% CAP. High Cash Generator in the heart of bustling, Historic Downtown Mount Dora with C2 zoning. Completed in February 2020, this property underwent an entire renovation of the interior and exterior in accordance with the outstanding "Heirloom standard" which resulted in doubling sleeping capacity and creating 6 beautifully appointed suites and rooms each with private bath, private entrance, porches, decks, garden, outside seating and covered parking. No on-site management required, however either the Opal or Diamond suites would be ideal if buyer would like to live in beautiful Mount Dora. For incredible cash yield, owner only needs to spend less than 5 hours per week due to set up of automated channel manager interfacing with the booking sites and autopay platform. Seller also installed remote key codes, locking systems and ozone generators to sterilize air between guests all of which is handled within the housekeeping checklist. Housekeeper also takes care of guest and reservation questions. The Heirloom Inn is a licensed turn-key business generating in excess of $9,500 per month with minimal expenses as operations have been streamlined and no deferred maintenance. Revenues are all verifiable with reports coming directly from reservation platform. The property has been operating as an Inn for decades and has a high return guest ratio, solid following. 2 of the suites have full eat-in kitchens and 4 have breakfast bars with microwaves, coffee makers and refrigerators. 6 covered parking spaces w/additional parking pads for guests. Sale includes real estate, furniture and fixtures, all site relationships, channel manager, platforms, websites, social media and thorough training and introductions. Seller may consider financing with 50%+ downpayment and terms to be discussed. Seller is Florida Licensed Real Estate Broker.

    Monthly Payment Calculator




    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-26T23:40:09.757.
    www.memoryhopkinsrealestate.com/homes/111172624
    Print Image

    644 N Donnelly Street Mount Dora, FL 32757

    • Price: $950,000
    • Status: Active
    • Updated: 89 min ago
    • MLS #: G5034923
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    2,836
    SQFT
    $335
    $/SQFT
    1913
    Built
    Neighborhood:
    Mount Dora
    County:
    Lake
    Area:
    Mount Dora
    Property Description
    9.5% CAP. High Cash Generator in the heart of bustling, Historic Downtown Mount Dora with C2 zoning. Completed in February 2020, this property underwent an entire renovation of the interior and exterior in accordance with the outstanding "Heirloom standard" which resulted in doubling sleeping capacity and creating 6 beautifully appointed suites and rooms each with private bath, private entrance, porches, decks, garden, outside seating and covered parking. No on-site management required, however either the Opal or Diamond suites would be ideal if buyer would like to live in beautiful Mount Dora. For incredible cash yield, owner only needs to spend less than 5 hours per week due to set up of automated channel manager interfacing with the booking sites and autopay platform. Seller also installed remote key codes, locking systems and ozone generators to sterilize air between guests all of which is handled within the housekeeping checklist. Housekeeper also takes care of guest and reservation questions. The Heirloom Inn is a licensed turn-key business generating in excess of $9,500 per month with minimal expenses as operations have been streamlined and no deferred maintenance. Revenues are all verifiable with reports coming directly from reservation platform. The property has been operating as an Inn for decades and has a high return guest ratio, solid following. 2 of the suites have full eat-in kitchens and 4 have breakfast bars with microwaves, coffee makers and refrigerators. 6 covered parking spaces w/additional parking pads for guests. Sale includes real estate, furniture and fixtures, all site relationships, channel manager, platforms, websites, social media and thorough training and introductions. Seller may consider financing with 50%+ downpayment and terms to be discussed. Seller is Florida Licensed Real Estate Broker.
    Exterior Features

    Carport Spaces 6 Carport Yn Yes Construction Materials Wood FrameWood Siding Exterior Features BalconyIrrigation SystemLightingOtherSidewalkStorage Foundation Details Slab Lot Features Corner LotHistoric DistrictIn City LimitsSidewalkStreet Paved Lot Size Dimensions 60X135 Other Structures GazeboOtherShed(S)Storage Patio And Porch Features CoveredDeckEnclosedOtherPatioPorchRear PorchScreenedSide PorchWrap Around Pool Private Yn No Roof Metal View CityGarden Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Additional Rooms Bonus RoomFamily RoomFlorida RoomInside UtilityStorage Rooms Appliances DishwasherDryerFreezerGas Water HeaterIce MakerMicrowaveOtherRefrigeratorTankless Water HeaterWasherWine Refrigerator Cooling Mini-Split Unit(S)Other Fireplace Features DecorativeMaster BedroomOther Room Fireplace Yn Yes Flooring TileWood Heating Other Interior Features Ceiling Fans(S)Crown MoldingEating Space In KitchenMaster Bedroom DownstairsOtherSolid Wood CabinetsSplit BedroomThermostatTray Ceiling(S)Walk-In Closet(S) Laundry Features Corridor AccessInsideLaundry RoomOther Levels Two Sewer Public Sewer Water Source Public

    Property Features

    Additional Parcels Yn No Annual Net Income 94800.00 Association Yn No Cdd Yn No DPR No Flood Zone Code X Garage Yn No Listing Terms CashConventionalOtherPrivate Financing Available New Construction Yn No Property Condition Completed Property Sub Type Multi-Family Realtor Info List Agent is OwnerNo SignSurvey Available Security Features Fire AlarmKey Card EntrySecurity System Senior Community Yn No Special Listing Conditions None Tax Annual Amount 8086.24 Tax Year 2019 Total Actual Rent 9500 Total Num Buildings 1 Utilities Bb/Hs Internet AvailableCable ConnectedElectricity AvailableFiber OpticsNatural Gas AvailableOtherPublicStreet LightsWater Connected Zoning C-2


    Listing information © 2020 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Heirloom Realty International.



    © 2020 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2020-11-26T23:40:09.757.
     
    https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_G5034923-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_G5034923-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_G5034923-2.jpg
    Logo
    Memory Hopkins Real Estate
    93B Orange St.
    St. Augustine FL, 32084