Ocala, FL: 20-rm Motel for Sale! Seller Financing Offered!

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.​

         This offering include:

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  .61-acres

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  20-Unit Motel 7,798 SF (19 Rental Units Plus 1- 2/1 Apartment)

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  Built/Renovated: 1958/2013 (Structural includes newer roof)

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  Kitchenettes installed in each room (Refrigerator, Sink, Microwave)

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  Billboard ($1,351/mo)

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  Current Occupancy: 100%

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  Current Gross Revenue: $299,546 (Annualized 2024)

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  Current NOI: $157,502 (Annualized 2024)

Seller Financing: Offered to qualified purchasers.​ Rate and terms TBD but may include:

·        50% +/- Down Payment

·        5%-6% Interest Only or Amortization Schedule

·        5-10 Year Balloon

100% Occupied Turn-Key Business

Seller Financing Offered to Qualified Purchaser

10% Cap Rate at Asking Price