Perfect for owner looking to semi-retire or Investor. Escape the grind and stress of life. Great 1031 property. ROI exceeds 20%.
Lake Cumberland & mountains surround this beautiful resort (not an in/out type RV park). ANNUAL LEASE ONLY & NO RETAIL OPERATIONS. Offered below valuation. Two local banks interested in financing up to 25 years.
Down payment? Use a 401-K or IRA structure without penalty & invest in a stable income property with stable return that exceeds the volatile stock market. A wealth building opportunity without the daily grind of working for someone else.
Resort is in excellent condition with steady growing cash flow that allows a leisured lifestyle. Lease rates are currently below market.
Cash flow has growth without any additional effort from owner as rents are well below market. Also there is excess land to expand.
Ideal business that allows you to live a semi-retired life while benefiting from a stable growing cash flow-Minimal risk-Tax efficient - Little or no stress-Simple business-Minimal employees-Live where you work in a nice home surrounded by a resort atmosphere in the mountains next one of the largest lakes in the US-Plenty of leisure time.
Current valuation is significantly above asking price to obtain long term financing up to 25 years. Two local banks interested in financing.
This 13 acre property consists of 57 annual lease spaces (licensed for more sites and always 100% leased with waiting list for expansion if desired), 26 annual lease boat storage units,15 Lodge rooms including suites in two buildings, Bath house, Pool, Large Pavilion, Large maintenance/workshop garage next to home for hobbies, covered equipment garage & recreational amenities. In addition, a very nice 2,144 sq. ft residence and a 1/2 acre residential lot adjoined with property. The facility has been consistently upgraded & in excellent condition with all rooms & pool renovated and upgraded. The resort has an excellent equipment package to service the resort park included in purchase price.
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