1255 S Lake Shore Way
Lake Alfred, FL 33850
Lakeside Villas · Hospitality Property For Sale · 4,859 SF

Market: past, present, & future: Lakeside Villas Motel has been in existence for over 70 years. It has been under the same ownership and management for the past 16 years. It has created positive cash flow. Property has been completely renovated in 2009 to improve quality of amenities and increase revenue. Problems and opportunities: With the shortage of lower income housing in Polk County, it would be a wonderful opportunity to make this property available to the lower income person who needs quality residence at affordable prices. Once the property was renovated, the prices increased and still provide a great value, while still having the lowest prices in a 10-mile radius. Many people in this area are in need of temporary housing for up to several months, Lakeside Villas Motel would be a great option for them. Our strategy is to provide quality affordable temporary housing to the lower income person. Moving into an apartment or a rental home generally requires a security deposit, first month rent, and utility deposits. At Lakeside Villas Motel, a person could find a good quality abode for as little as $200.00/week and could stay there till such time as they can save enough for larger home/apartment. There are few motels offering weekly rates in the area, all of which are quite busy and stay mostly full. The advantage Lakeside Villas Motel offers is the quality of the housing, the beautiful lake and public park across the street and the more reasonable rates offered. Risks: The risk of this property is non-existent. The location is highly desirable on a 6 lane highway across from a very beautiful lake and the land alone (about 4,600 sqm or 42,250 sqft ) is worth the purchase price. Rewards: Property will not only create positive cash flow but will also repay investor the down payment paid within the first few years and generating high return on investments thereafter. Only one person/couple will manage, maintain and clean property in return for housing and some $500 cash pay. The property is and will continue to cover it’s own expenses and produce positive cash flow. Property is expected to be debt free resulting in all NOI being passed to owner(s).