19 Units Motel near Jacksonville area , Florida

For Sale: 19-unit Motel with Manager’s Quarters

Property Details:

• Location: Close to Jacksonville, in a very convenient area with easy access.
• Occupancy Rate: Currently at 60-70%.
• Structure: Solid concrete exterior.
• Repairs Needed:
  • Roof replacement.
  • Electrical work.
  • Painting.
  • Three rooms have fire damage and need significant repair to become functional again.

Financials:

• Weekly Rent: $265-275 (average rate in the area).
• Owner’s Plan: Retiring or interested in a 1031 exchange.

Contact Information:

• Do Not Disturb Tenants
• For more information, contact Vip Shah directly at 407-453-3415.

This property offers a great investment opportunity and requires repair work. Its proximity to Jacksonville and current occupancy rate make it a viable option for potential buyers or investors looking for a 1031 exchange.