For Sale
$380,000

2398 Singleton AveMims, FL 32754

Historic 6-Unit Hotel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a charming 6-unit hotel located at 2398 N Singleton Avenue, Mims, FL 32754. Built in 1940 and extensively renovated in 1949 and 2022, the Wayward Travelers Inn boasts 2,680 square feet of space on a generous 18,730.8 square foot lot. The two-story building features six keys, each with its own bed, providing immediate income potential. Currently operating under a lease agreement with a tenant until January 2028, the tenant is responsible for utilities and a monthly payment of $3,200 to the property owner. The current owner handles major upkeep, taxes, and insurance. The tenant holds an option to purchase the business before January 2028, but has expressed interest in selling the business portion as well, presenting a unique opportunity for the buyer. This sale is strictly for the property and land; the associated bed and breakfast business is not included in this offering. This property is ideal for investors seeking a strong return on investment in a desirable Florida location. The property's history, recent renovations, and existing lease agreement provide a solid foundation for future growth and profitability. The substantial lot size also offers potential for future expansion or development. This is a rare chance to acquire a well-maintained, income-generating property in a thriving market. The asking price is $380,000.

Highlights

  • $380,000 asking price.
  • 6-unit hotel in Mims, Florida.
  • 2,680 square feet on an 18,730.8 square foot lot.
  • Built in 1940, renovated in 1949 and 2022.
  • Two-story building with 6 keys (6 bedrooms).
  • Privately owned by Dennis and Tina Adamson.

Property Details for 2398 Singleton Ave

Property type
Hospitality properties, Hotels
Square Feet
2,680 SF
Year Built
1940
Stories
2
Units
6

Location Insight

City
Mims
County
Brevard
State
Florida
Latitude
28.6635994
Longitude
-80.8488931
2398 Singleton Ave, Mims, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2398 Singleton Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message