THE SELLER WILL CARRY $275,000.00 @ 5% INTEREST ONLY WITH MONTHLY PAYMENTS OF $1,146.00 WITH A 30% DOWN PAYMENT OF $120,000.00. SAID NOTE WILL BECOME DUE AND PAYABLE 2 YEARS FROM CLOSE OF ESCROW.

PLEASANT ACRES APARTMENT/RV PARK IS A CRIME FREE 20 UNIT ALL AGE COMMUNITY. CURRENTLY THERE ARE NO CHILDREN RESIDING THERE. SET ON APPROXIMATELY 0.76 ACRES, THE PROPERTY WAS ORIGINALLY BUILT IN 1957/1963. THE PROPERTY MIX CONSISTS OF 8 ONE BEDROOM/ONE BATHROOM APARTMENTS, 1 TWO BEDROOM/ONE BATHROOM APARTMENT, AND 11 RV SPACES. THE RV SPACES CAN ACCOMMODATE UNITS UP TO 12’ X 38’. ALL MOBILE HOME UNITS ARE TENANT OWNED.
THERE IS AN ONSITE OFFICE, A CAMERA SYSTEM SET UP THROUGHOUT PROPERTY, LOW MAINTENANCE GRAVEL, LAUNDRY ROOM (2 WASHERS/2 DRYERS), AND MEN/WOMEN SHOWERS. THERE IS ALSO AN OUTDOOR COVERED COMMUNITY PATIO AREA.
PLEASANT ACRES APARTMENTS CONSISTS OF 9 TOTAL APARTMENT UNITS IN THREE SEPARATE BUILDINGS. THE MAIN BUILDING, WHICH CONTAINS 6 OF THE UNITS, HAS A NEWER SHINGLE ROOF. TWO OF THE BUILDINGS ARE COMPOSED OF BRICK CONSTRUCTION, THE THIRD IS STUCCO. ALL 9 APARTMENTS ARE 100% OCCUPIED AND ALL UNITS HAVE TILE FLOORS. ONE UNIT HAS ROOFTOP AC AND THE OTHER 8 APARTMENTS HAVE WINDOW MOUNTED AC UNITS AND SWAMP COOLERS. FOUR UNITS HAVE ELECTRIC FLOOR HEATERS. THREE BRAND NEW WATER HEATERS AND TWO NEW SWAMP COOLERS HAVE RECENTLY BEEN INSTALLED, 2016. FOUR OF THE APARTMENT UNITS ARE MASTER METERED FOR ELECTRIC.