Price $1,450,000 Cap Rate 11.13%
No. Units 1 Lot Size 19.50 AC
Property Type Multifamily Building Size 15,284 SF
Property Sub-type Manufactured Housing/Mobile Home No. Stories 1
Apartment Style Garden Year Built 2006
Building Class C Zoning Description Commercial
Sale Type Investment APN / Parcel ID 071-40-08-001.00
Listing ID: 13448003 Date Created: 8/9/2018 Last Updated: 3/4/2019
DESCRIPTION
Building #1 is 2,444 SF of Office and living quarters.
Building #2 is a 10 shower bath house/ laundry and maintenance room of 2,520 SF.
Building #3 is an Indoor heated swimming pool of 2,520 SF.
Building #4 is a 16 unit boat storage of 7,800 SF
Building #5, not listed, is a 28x50ft (1,400 SF) 3 bedroom, 2 bath house, built in 2009.
Building #6, not listed, is a covered picnic shelter house of 960 SF on the end of the outdoor swimming pool.
HIGHLIGHTS
Wolf Creek Resort Park has a private Indoor heated swimming pool that is 16x40, outdoor pool that is 16x40 and an exercise room. There is a 36x12ft patio with tables, for morning coffee and sunset viewing.
SALE NOTES
Wolf Creek Resort Park is located on beautiful Lake Cumberland in Russell Springs, Kentucky. RV lots and park model lots are available.
Lots are equipped with city sewer, city water, and 100 amp electric. Amenities include a exercise room, indoor heated & outdoor pools.
Enjoy fishing, boating, and skiing on nearby Lake Cumberland. There is a major marina within 1.5 miles with launch ramps.
Wolf Creek Resort Park offers 174 lots for RVs and Park Models. Sewer, water, electric, phone, and cable TV available on all lots.
These lots are available for lease or sale.
Access to exercise room and heated pool could be alternate revenue stream.
https://youtu.be/a9fcYyq9Ebk
Click here for a virtual tour of our Park

FINANCIAL SUMMARY (ACTUAL - 2017)
ANNUAL ANNUAL PER SF
Gross Rental Income $160,980 10.53
Other Income - -
Vacancy Loss - -
Effective Gross Income $160,980 10.53
Taxes $4,144 0.27
Operating Expenses $45,747 2.99
Total Expenses $49,891 3.26
Net Operating Income $111,089 7.27
AMENITIES
SITE AMENITIES
Laundry Facilities
Pool