Great investment property w/huge upside income potential. This cottage/mobile resort is located on a 3.5Ac man made island on the Harris Chain of Lakes just 40 mins north of Orlando and 30 mins to the Villages. HOTEL/MOTEL Lic makes managing this property easy...no evictions needed. Property includes 9 BLOCK cottages well maintained with new roofs, 1 property owned mobile to rent (each $600-$725/mo)plus the owners own 2000+ sf home(?/mo), 5 mobile home lot rentals($230/mo) and 10 boat slips($40/mo). Property has Hotel/motel lic for 11 but only uses 9 (1 duplex burned down) so you can even add the 2 extra units. Increase income with short term stays. Owners are retired and do not rent to anyone w/chidren or pets and only take long term tenants. They also have a pay laundry facility and used to have a snack shop but choose not to work it any longer..Loads of potential.
$949,000