Opportunity to acquire a well-maintained, sizable, age restricted community in Ormond Beach, FL, with a tremendous location in close proximity to the Atlantic Ocean.

Attractive in place debt must be assumed (details included in the property flyer). Potential for a new owner to fill additional sites and refinance in the near future.

Minutes from the Atlantic Ocean, Ormond Beach is an extremely desirable age restricted market in Florida with a high cost of housing.

Offering includes 11 inventory homes, one of which is occupied by the current manager and 10 ready for sale or rent.

Outstanding opportunity to acquire a stabilized community and still achieve high total returns by completing the sale of the remaining vacant home inventory and improving the RV operations.

The community is serviced by public utilities through City of Ormond Beach and maintains a clubhouse with a pool table and shuffleboard courts.

A $12 rent increase will go into effect in May'14.