PRICE REDUCED!!!!!! Owner is motivated! The Extended Stay Motel is located directly on Irlo Bronson Highway with over 350 feet of frontage. The Florida Turnpikes Kissimmee interchange is only 1/2 mile away. This property has over 1 additional acre of vacant land that could be used for an expansion of the motel or possible redevelopment projects. The property boosts 14 motel rooms, 5 mobile homes plus 5 additional appartments in a separate building. All tenants are on long term leases and have been residents for over 6 months - some for over 2 years. All units have been recently renovated with new roofs installed in 2023. The water treatment plant has also been updated with all new equipment. Don't let this one get away. There are so many possibilities for redevelopment if that is your desire. Make your offers today.
Financial Considerations
Price:
$3,900,000
HOA Fee:
N/A
Tax Amount:
$14105.04
Price per SqFt:
$44.32
Tax Legal Description:
BEG 186 FT S & 560 FT E OF SW COR SEC 29, N 24 DEG W 336 FT, N 84 DEG E 283.3 FT TO W LINE HWY, SELY ALONG W LINE HWY 350.9 FT, S 84 DEG W 326.3 FT TO POB PART SEC 29 & 32 LESS R/W HWY 441 AKA FRIENDLY VILLAGE INN MOTEL AND MOSS OAKS PB 1 PG 352 BLK C LOT 2