11% CAP RATE! A definite CASH GENERATOR! A fantastic opportunity! The captivating, whimsical and well-established Heirloom Inn is located in the HEART OF "HISTORIC" DOWNTOWN MOUNT DORA, amidst all of the hustle and bustle of this booming city. The Heirloom Inn has 6 rooms to offer guests, each unique, and designed to accommodate 2 to 6 occupants. 2 units have eat-in kitchens and 4 have breakfast bars complete with mini-refrigerators, microwaves, and coffee makers, all with closet space, private entrances, and bathrooms. Unit #6 could serve as a small apartment for a live-in manager/ owner if so desired. In addition to the eat-in kitchen, it offers a comfortable living room and a bedroom with a king bed. There are 5 covered parking spaces and a lovely outdoor area for sitting. NO on-site management is required as room reservations are all automated via the on-line reservation system. Guests gain entry once the locks have been remotely programmed for their stay. The Inn underwent a complete renovation in 2020 giving it a modern-day appeal. Since then, some of the A/C units have been replaced, some of the floors have been updated along with the replacement of the a few of the smaller appliances. Your guests will be within steps of the main hub of Mount Dora with tons of excitement, shopping, and eateries, not to mention access to Lake Dora, the Mount Dora Masonic Lodge formerly known as The Donnelly House, Mount Dora Center for the Arts and Donnelly Park! There are many celebrations and festivals that take place at a variety of times throughout the year where the Inn will be booked solid! This is a turn-key business opportunity that you should not pass up! All the furnishings, linens, appliances, and everything it takes to run this business like a top is included! Watch the "Virtual Tour" for a fantastic overview of what this property is all about!
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