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Premier resort on scenic lake 990231

Southeast Region

$12500000
This destination timeshare resort located in the rural community. The resort history began in the late 1970’s with 24 lakefront units. Additional units have been added at a steady pace over the years (including a rebuild of the original 24 units and a regular remodel schedule). Emerging as a popular destination for travelers who want a picturesque, slower-paced setting where they can disconnect from busy life, the demand for the resort is now growing quickly.

Details

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Amenities

  • On Water
  • Laundry
  • Rentals
  • Internet
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Features

Just built the RV park. Situated on 50 acres. It has 75 fully improved sites, 50+ acres, 175' lakefront.  60 pull thru sites. City water and sewer to all sites, 50 & 30 amp services to each site, all concrete pads.   There are 23 Multi Family Units and 3 Single Family Structures. Each unit is fully furnished and outfitted with all necessary toiletry, towels, sheets, furniture, kitchen appliances and other household goods.   Timeshare  Ownership 65 of the 66 Condominiums have been divided into Weekly Parcels and Sold Off.  2500 Feet of Undeveloped Lakefront, Common Lands, Rec Center, Restaurant, Beach Side Lot, and where 24 units once existed next to the north beach), RV Resort, Maintenance Building, 45 Wooded Acres to the North and 70 Wooded Acres to the South of RV Resort and 3 Acres around the Storage Building. 

Property Brief

Brief

  • Sites
    75
  • Full Hookup Sites
    75
  • Total Acres
    164
  • Acres Left to Expand
    125
  • Lake Acres
    645
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Adjusted Net Operating Income

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Year
Gross Sales
Operating Cost
Cap Rate
Net Operating Income ($)
2023
Available
Available
Available
Available
2022
Available
Available
Available
Available
2021
Available
Available
Available
Available
2020
Available
Available
Available
Available

Adjusted Net Operating Income

Please login to view this parks financials.

Year: 2023
Gross Sales: Available
Operating Cost: Available
Cap Rate: Available
Net Operating Income ($): Available
Year: 2022
Gross Sales: Available
Operating Cost: Available
Cap Rate: Available
Net Operating Income ($): Available
Year: 2021
Gross Sales: Available
Operating Cost: Available
Cap Rate: Available
Net Operating Income ($): Available
Year: 2020
Gross Sales: Available
Operating Cost: Available
Cap Rate: Available
Net Operating Income ($): Available

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