$350,000.00 down payment. Owners will carry as follows: $645,000.00, years 1 & 2, no interest and no payments. Beginning years 3 & 4 the interest will be four (4%) percent interest only. Years 5 thru 7 the interest will increase to five (5%) interest only and the entire note will be due and payable seven (7) years from close of escrow.
This 55+ community sits 10 miles north of Sierra Vista, which is home to Fort Huachuca. The famous Kartchner Caverns state park is approximately 7 miles to the north. From downtown Tucson to the front entrance of the park is sixty miles. The father who had owned the property suddenly passed away, and his children (brother and sister) are now operating the community. The park has a nice clubhouse and two separate laundry buildings, both containing three washers and three dryers, with common area showers for both men and women. One laundry building has an exercise room, and the other laundry building has a reading area. There is a solid mom and pop on-site management in place, and they are doing a great job. The owners also employed an off-site management company since they live in the greater Phoenix area. All this property needs is a good, solid experienced owner operator to really take off. Plans have been drawn (enclosed) for a 52 site future expansion.