This 25-unit asset presents a compelling opportunity for a hospitality focused investor seeking scale, character, and immediate income. Originally constructed in 1945 & 1946 but fully gut-renovated with an effective year of 2026, the property offers a distinct architectural identity that aligns well with boutique or full-service hospitality concepts, while… Read More its unit count provides operational efficiency and revenue diversification. The building’s layout and vintage charm create a strong foundation for repositioning or continued use as a high-demand lodging asset.Currently operating with strong occupancy, the property delivers stabilized cash flow from day one, minimizing vacancy risk and providing a reliable income stream. The consistent occupancy underscores the asset’s functionality and appeal, while also offering a clear runway for a new owner to enhance revenue through strategic upgrades, branding, or service expansion. The property is well-suited for centralized management and streamlined operations typical of hospitality investments.The combination of its boutique appeal and new renovations offers a rare value-add opportunity in today’s market. Investors can capitalize on the existing performance whileimplementing a tailored vision to elevate the asset—whether through enhanced amenities or repositioning within the hospitality spectrum. This is a unique chance to acquire a stabilized yet flexible property with strong fundamentals and significant upside potential. Read Less
Courtesy of La Rosa Realty LLC 800-515-7513
Listing Snapshot
Days Online
23
Last Updated
Property Type
Hotel/Motel
Square Ft.
8,973
Lot Size
0.14 Acres
Year Built
1946
MLS Number
A12083379
30 Days Snapshot Of 33304
$1.11M
-17%
(avg) sold price
7
-61%
homes sold
156
+21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1946, Building features: Exterior Lighting, Laundry Facilities, Pool, Reception Area, Separate Office Area, Storage, Toal building area: 8973
Expenses
Insurance: $73,186
Floors
Tile, Vinyl
Lot
0.14 acres, Landscaped
Parking
Guest
Property
Zoning: ABA
Security Features
Security System
Sewer
Public Sewer
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