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644 N Donnelly Street

Mount Dora, FL 32757

– beds
– baths
2,836 sqft
8,100 sqft lot
$327 per sqft
1913 build
– on site

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12% CAP RATE! Very hard to find this kind of High Cash Generator. Immaculate hands-off 6 suite Inn in the heart of bustling, booming, Historic Downtown Mount Dora with C2 zoning. Completed in February 2020, this property underwent an entire renovation of the interior and exterior in accordance with the outstanding "Heirloom standard" which resulted in doubling sleeping capacity and creating 6 beautifully appointed suites and rooms each with private bathroom, private entrance, porches, decks, garden, outside seating and covered parking. No on-site management required, however either the Opal or Diamond suites would be ideal if buyer would like to live in beautiful Mount Dora. For incredible cash yield, owner only needs to spend a few hours per week due to set up of automated channel manager interfacing with the booking sites and autopay platform. Seller also installed remote key codes, locking systems and ozone generators to sterilize air between guests all of which is handled within the housekeeping checklist. Housekeeper also takes care of guest and reservation questions. The Heirloom Inn is a licensed turn-key business generating in excess of $18,000 per month with minimal expenses as operations have been streamlined and property has virtually no deferred maintenance. Revenues are all verifiable with reports coming directly from reservation platform and cross referenced to P&L The property has been operating as an Inn for decades and has a high return guest ratio, solid following. 2 of the suites have full eat-in kitchens and 4 have breakfast bars with microwaves, coffee makers and refrigerators. 6 covered parking spaces w/additional parking pads for guests. Sale includes real estate, furniture and fixtures, all booking-site (OTA) relationships, channel manager, platforms, websites, and social media/SEO. Seller is Florida Licensed Real Estate Broker.

Listing courtesy of STELLAR_MLS / HEIRLOOM REALTY INTERNATIONAL

Last checked: Checking… • Last updated May 11, 2023 •

MLS# G5043490 —

The Building

Year Built:

1913
New Construction:

false
Construction Materials:

Wood Frame
# of Buildings:

1
Building Area Total:

2836
Levels:

Two
Roof:

Metal
Foundation Details:

Slab
Security Features:

Fire Alarm

Interior

Furnished:

Turnkey
Interior Features:

Built in Features
Additional Rooms:

Attic
Flooring:

Ceramic Tile
Fireplace:

true
Fireplace Features:

Decorative

Room Dimensions

Living Area:

2836
Living Area Units:

Square Feet
Living Area Source:

Public Records

Location

Directions:

441 to Donnelly Street. Left all the way into Downtown Mount Dora. The Heirloom Inn is on the left hand side. On corner of 6th and Donnelly.
Latitude:

28.802004
Longitude:

-81.644434
Coordinates:

-81.644434, 28.802004

The Property

Parcel Number:

29-19-27-0010-050-00006
Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Completed
Property Attached:

false
Lot Features:

Corner Lot
Lot Size Acres:

0.19
Lot Size SqFt:

8100
Lot Size Dimensions:

60x135
Lot Size Units:

Square Feet
Zoning:

C-2
View:

City
Exterior Features:

Balcony
Water Source:

Public
Total Acres:

0 to less than 1/4
Road Surface Type:

Paved
Flood Zone Code:

x
Lease Restrictions:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2020
Tax Lot:

99999
Tax Block:

050
Tax Book Number:

3-37-43
Tax Annual Amount:

7985
Tax Legal Description:

MOUNT DORA, 30-19-27 S 60 FT OF N 130 FT OF W 135 FT OF BLK 50 PB 3 PGS 37-43 ORB 4780 PG 2158

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Other
Heating:

true
Cooling:

Mini-Split Unit(s)
Cooling:

true

Utilities

Utilities:

Electricity Available
Sewer:

Public Sewer

Appliances

Appliances:

Bar Fridge
Laundry Features:

Corridor Access

The Community

Subdivision Name:

MOUNT DORA
Senior Community:

false
Water View:

false
Water Access:

false
Pool Private:

false
Pets Allowed:

Breed Restrictions
Pet Restrictions:

Case By Case basis and limited to 2 specified rooms.
# of Pets:

2
Association:

false
Ownership:

Other

Parking

Garage:

false
Carport:

true
Carport Spaces:

6
Covered Spaces:

6
Open Parking:

false

Extra Units

Other Structures:

Shed(s)
# of Units Total:

6

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Sale history

Date	Event	Source	Price	% Change
9/9/22 Sep 9, 2022	Listed / Active	STELLAR_MLS
8/13/21 Aug 13, 2021	Sold	STELLAR_MLS	$930,000

Multifamily Sold on 8/13/2021

$930,000

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Listing Courtesy of: STELLAR_MLS and HEIRLOOM REALTY INTERNATIONAL.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

644 N Donnelly Street

Mount Dora, FL 32757