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$4,200,000Size Upon Req.
SIGNIFICANT PRICE REDUCTION Rare opportunity to acquire a well-maintained, sizable, all age community in a high cost of housing market positioned to continue achieving annual rent increases. The community features an attractive, low density layout with recently improved asphalt roads. Offering includes 9 recently renovated apartment units (~$300,000 in renovation work) that are now fully rented. Adjacent single family home on 5.3 acres included in sale. Local lenders still finance homes for residents. Park only holds two home notes. Vacancy upside potential for new owner. Soils are ideal for efficient leaching out of the private septic systems. Park is not aware of any below ground heating oil storage tanks. Third party management may be available. Attractive, non-recourse first mortgage at historically low interest rate should be available to a qualified buyer.