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#004 -
Green Mountain Falls - Lakeside Cottages
(Recreation Cabins)
PRICE: $499,000
On hill looking down on tranquil Green Mt.
Falls Lake. Great condition inside and out. Two-story home has three
rental units and an office. Plus 7 detached cottages. Four of the seven
detached cottages are one bdrm & three are 2 bdrm. One of the two-bdrm
cottages accommodates up to ten people, others can sleep 4-7. Thrives on
repeat business year after year. One block to shops, post office, and
police. Close to schools and fire department. Would be a great retirement
investment. Total land size: 14,900 Sq Ft. Recently remodeled with
new paint, new roof, etc.
| Sale Price: |
$499,000 |
| Name of Establishment: |
Lakeside Cottages |
| Total Units: |
12 (Twelve) |
| Total Land Size: |
14,900 Sq Ft |
| Year Built: |
1968 |
| Cap Rate |
Approx 10% |
| NOI |
$51,000 |
| Sale Terms: |
Cash to Seller |
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BUILDING #1: (2
units) 2-story home - 3 bedrooms/2 baths each floor. Can be
rented separately. Fireplaces up & down. Sits on a separately,
deeded lot from other units.
BUILDING # 2: (4
units) Office & laundry on bottom. Two, 3 bedroom, 2 story
units above office. Multiple ways to rent these units.
BUILDINGS # 3, 4, 5, 6 & 7:
(5 units) one Bedroom units
BUILDING # 8: (1
unit ) 2 Bedroom unit
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| Cabins |
Front
landscaping |
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| Lake view
from office |
Lakeside
cottages |
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| One of
the cabins |
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