Presenting a lucrative investment opportunity with Absentee Owner: a 29-room motel located at 307 E Vine St, Kissimmee, FL 34744. All rooms have undergone renovations within the past two years, ensuring modern amenities and appeal. The property operates with both weekly and daily rentals, maintaining high occupancy rates throughout the year. With a capitalization rate exceeding 10%, this investment promises substantial returns. The motel offers convenient ingress and egress to E Vine St, enhancing accessibility for guests.
Motel offers large rooms renting $385 weekly and 4 large apartment units rented in long term rental for $450 weekly rate. Separate manager suite with guest check-in office at the entrance designed for on-site managers convenience.
Ingress and Egress to E Vine St(192) 49500 AADT traffic offers high occupancy for the Motel in this desired location surrounded by Major retailers, shopping centers and attractions in Orlando MSA.