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.
2550 E Irlo Bronson Memorial HIGHWAY, Kissimmee, FL, 34744
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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