13 W Dakin Avenue

Description

This unique property is located in the vibrant heart of Downtown Kissimmee, offering an exceptional investment opportunity for those seeking to tap into the thriving tourism and commercial markets in the area. This property features 11 rooms with private bathrooms, and an additional room with a bathroom in hallway. In addition to that, there is another room which can have multiple uses, as a deposit, or any other use. There is an on-site office as well. Situated on a .10-acre lot, the property boasts a one-story apartment building constructed of sturdy concrete block with pitched shingle roofing. With a total of approximately 3,712 gross square feet, this multifamily property presents a range of options for conversion to various lucrative uses. This multifamily property has undergone a comprehensive renovation, ensuring that it meets modern standards of comfort and aesthetics. As a testament to its attractiveness as an investment, the building is fully occupied, providing immediate rental income potential for the new owner. To facilitate a seamless transition to the new owner, it's noteworthy that all licenses and permits required by Osceola County and the City of Kissimmee are current and up to date. This eliminates potential regulatory hurdles and streamlines the conversion process. Other uses for this property include hotel/motel use, Airbnb, or commercial office space. Property has a laundry room, which generates additional income beyond rentals. The property's prime location in Downtown Kissimmee makes it a strategic asset for conversion into various profitable ventures, including: Hotel: Given its layout and room distribution, the property can be reconfigured into a charming boutique hotel, catering to tourists and visitors exploring the bustling downtown area. Airbnb: With the rising popularity of short-term rentals, transforming this property into an Airbnb hotspot is a viable option. Its central location ensures a steady stream of guests. Hostel: The multifamily layout and shared bathrooms make it suitable for a hostel concept, offering budget-conscious travelers a comfortable place to stay. Commercial Office Space: The property's adaptability extends to potential use as prime commercial office space, taking advantage of its downtown location for businesses seeking a central hub. This multifamily property in the heart of Downtown Kissimmee represents a lucrative investment opportunity. With its recent renovation, favorable licensing status, and diverse conversion potential, it's an attractive prospect for those looking to tap into the thriving hospitality and commercial markets of this vibrant city. Whether you're interested in hotel management, Airbnb hosting, or creating a dynamic commercial space, this property is poised to make your vision a reality.