24 Units income producing Motel for sale in Jacksonville, Florida

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Description

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Relax Inn is a modest, budget-friendly motel designed to serve travelers seeking a basic and convenient overnight stay while passing through Jacksonville. It’s no-frills style emphasizes practicality and accessibility over luxury, catering especially to those on longer drives who need a simple stopover.

Location: *** 5020 N Main Street, Jacksonville, FL- 32206

  • A commercial property with four buildings on a spacious lot of about 52,468 square feet.
  • Provides the basic lodging amenities expected from a classic, no-frills motel.
  • Located conveniently on a historic street with easy access to local attractions and services.
  • Designed primarily for travelers seeking practicality over luxury.
  • $400 weekly rate & $65 per night with 70% occupancy average.

Anyone who visits the property without an appointment will be considered trespassing.

  • The seller wanted to retire & move to another city.
  • Light maintenance required.

Contact the Vip Commercial Team, Jigar @ 407-453-3415, immediately for more information.

 

State/County:
Country: United States
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Property Id : 23357

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19 19details

    We recommend rent

    Rental Income $284,322.00
    Investor Price $1,250,000
    Closing Costs to Buy $18,750
    Rehab Projection $55,000 ( Estimated)
    Utilities $48,515
    Property Insurance $12,486.83
    Estimated Taxes $20,322
    Property Management $20,800
    Maintenance $18,116.72
    HOA Dues $0.00

    $127,904.16

    Projected Income

    10.23%

    Estimated APY

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Vipin Shah – Licensed Real Estate Agent Commercial Director
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