This is a former motel with 8 rooms in the front and another 2 on the back, sitting in 3.85 acres. Totally renovated with new fire sprinklers system, fire alarm system, and occupancy for 6 beds for an assisted living facility. In the process to increase to 20 beds. The regular payment for a room like this one as an ALF in Ocala it is from $ 3,500 to $4,000 monthly. lt is possible make an addition to the original building or build a new one. The property is completely fenced. Located 5 minutes from I-75.
3280 NW 16th Ave, Ocala, FL, 34475
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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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