ASKING PRICE OF $1,400,000-PRICE REDUCTION

27 yearly rental units with renovated office along major highway. Pool and all utilities included in rent. 19 units have been renovated to date. Upgrades in 2009: Total office remolded, new drain fields and septic work, complete exterior painting, tree removal, landscaping, upgrades to plumbing system in many areas. Owners could live on site if desired.

EMPLOYEES DO NOT KNOW PROPERTY IS FOR SALE. PLEASE DO NOT VISIT SITE WITHOUT AGENTS APPROVAL. THANKS for your cooperation.

Located in Ocala on 441 close to all shopping. B4 zoning.

PROFORMA YEAR 2009:

Scheduled Gross Income:   $229,840

Operating Expenses:            $66,972

Net Operating Income:       $162,868

Cap Rate:   12%