Skip To Content

644 N Donnelly Street

Mount Dora, FL 32757
  • $1,163,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: G5060500
$1,163,000
  • 13
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,408
    SQFT
  • $483
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:
Area:

School Ratings & Info

Description

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!

Monthly Payment Calculator




© 2022 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 2022-09-26T23:43:21.927.
www.armelrealestate.com/homes/132967129
Print Image

644 N Donnelly Street Mount Dora, FL 32757

  • Price: $1,163,000
  • Status: Active
  • On Site: 17 Days
  • MLS #: G5060500
13
Beds
0
Baths
0
½ Baths
0.19
Acres
2,408
SQFT
$483
$/SQFT
1913
Built
Neighborhood:
Mount Dora
County:
Lake
Area:
Mount Dora
Property Description
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!
Exterior Features

Attached Garage Yn No Carport Spaces 5 Carport Yn Yes Construction Materials Wood FrameWood Siding Covered Spaces 5 Exterior Features Irrigation SystemLightingRain GuttersSidewalk Foundation Details Crawlspace Lot Size Dimensions 60X135 Open Parking YN No Parking Features CoveredCurb Parking Patio And Porch Features CoveredPatio Pool Private Yn No Road Surface Type Asphalt Roof Metal Spa YN No View City Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Additional Rooms AtticStorage Rooms Appliances Bar FridgeDryerGas Water HeaterMicrowaveRangeRefrigeratorWasher Building Area Total 2836 Cooling Mini-Split Unit(S) Cooling YN Yes Fireplace Features Decorative Fireplace Yn Yes Flooring Ceramic TileHardwood Furnished Turnkey Heating Other Heating YN Yes Interior Features Ceiling Fans(S)Coffered Ceiling(S)Crown MoldingEating Space In KitchenThermostatWindow Treatments Laundry Features InsideLaundry Room Levels Two Sewer Public Sewer Water Source Public Window Features BlindsDrapesRods

Property Features

Annual Net Income 110000 Association Yn No Cdd Yn No Community Features Park Flood Zone Code X Garage Yn No Homestead Yn No Listing Terms CashConventional New Construction Yn No Ownership Fee Simple Pet Restrictions Based On A Case By Case BasisLimited To 2 Per RoomNon-Refundable Pet Fee incurred. Property Sub Type Multi-Family Realtor Info As-IsNo Sign Security Features Fire AlarmFire Sprinkler SystemSecurity LightsSmoke Detector(S) Senior Community Yn No Special Listing Conditions None Tax Annual Amount 7795.33 Total Annual Fees 0 Total Monthly Fees 0 Utilities Cable AvailableElectricity ConnectedNatural Gas Connected Zoning C-2


Listing information © 2022 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Re/Max Premier Realty: 352-461-0800.



© 2022 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 2022-09-26T23:43:21.927.
 
https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_G5060500-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_G5060500-2.jpg https://bt-photos.global.ssl.fastly.net/mfr/orig_boomver_1_G5060500-2.jpg
Logo
Armel Real Estate
1101 Miranda Lane, Suite 131
Kissimmee FL, 34741