Description

The subject property has 26 spaces, and a 3 bedroom, 1.5 bath, 1300+sq. ft concrete block home, and multiple concrete block and/or frame outbuildings on approximately 4.7 acres. Park has well and septic service, with separate metered electric paid by tenants. Current Park Manager has been on site for 10 years.

The park has a new assumable first mortgage for $700,000. The terms are 30-year amortization, fixed rate at 6.94% for the first five years.

There are a total of 7 units that are financed by the park on a lease-purchase plan. This adds an additional $1,475.00 monthly to long term cash flow

This property is located in an explosive growth area, and is ¼ mile north of Highway 50 (Colonial Drive), a major artery connecting Orlando to the East Coast Cities and Attractions; Cape Canaveral, the Kennedy Space Center, Cocoa Beach, and Interstate 95. The park is approx. 17 miles from downtown Orlando and just minutes away from the University of Central Florida, one of the fastest growing universities in the United States.