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J & C Mobile Home Park
973 Belvedere Rd, Orlando, FL 32820
Last Verified 8/12/2009
Listing ID 15829941
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.
Map of 973 Belvedere Rd, Orlando, FL 32820 (Orange County)
Created 8/1/2008
Additional Information for 973 Belvedere Road, Orlando, FL 32820
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 3 Historic Listings
- Sales Comparables Available - 0 RecentSales Record
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.