Rockledge Lodge | 23 Unit | Weekly Rentals | Ideal Air BnB
Short Term Motel | Air BNB or VRBO Conversion | I-95 | Spacecoast
Marketing description
Marcus & Millichap is pleased to present the opportunity to acquire a multi-unit property at 3220 S Fiske Blvd in Rockledge, FL. This fully operational motel offers a unique opportunity for investors seeking stable income in a thriving market. The property comprises over 20 units, with an additional three units under construction, generating consistent weekly and monthly rental income. Most tenants have long-term stays exceeding six months, ensuring a steady revenue stream. The property also features additional income sources, including pool and court rentals generating $6,000 monthly.
Strategically located near major thoroughfares and amenities, the Rockledge Lodge is ideally positioned to serve both transient guests and long-term residents. Its proximity to key employment centers, retail, and dining options enhances its appeal to tenants and investors alike.
Seller Financing Considered
Investment highlights
• Generating $1,790 Monthly Per Unit from Long-Term Tenants
• Pool and Courts Produce $6,000 Monthly (Net-Net)
• Turnkey Air BNB or VRBO Investment With Minimal Initial Capital Expenditure
• Property Purchased Vacant and Fully Leased in 2023
• High-Demand Area Benefiting from Population and Economic Growth
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