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Premier resort on scenic lake 990231

Southeast Region

$15900000
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.

Amenities

  • On Water
  • Rentals
  • Internet
  • Rec Room/Hall
  • Restaurant
  • Beach
  • Club House
  • Mini Golf
  • Water Activities
  • Acres for Expansion
  • Lake
  • Boating

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.  1200 Feet of Undeveloped Lakefront, Common Lands, Rec Center, Restaurant, Beach Side Lot,(land 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

  • Acres: 164
  • Ponds: No
  • Seller Financing: No

Net Operating Income

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Year
Gross Sales
Operating Cost Adjustment
Cap Rate
Net Operating Income ($)
2021
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Available
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