RV Park/Campground Details
- Purchase Method: Cash, New Loan
- Listing ID: 1547429
- Posted On: Nov 5, 2021
- Updated On: Jan 14, 2022
Description
The Mermaid Cove Marina and Airbnb investment property. Personal home, 7 Airbnb units of which 4 are houseboats, 1 sailboat, 1 tiny house and a 23' camper with attached covered deck. 2 bedroom 1 full bath 2 story home with a crows nest on top. Each Airbnb unit is fully appointed with furniture, extra bedding, cooking and eating utensils. Marina and Airbnb operate from April 1 through late October with potential to operate later in the season. 10 plus dock spaces with water and electric to 6 of them. Additional spaces could be added with dredging along the front side of dock. Airbnb records available showing each unit heavily booked all season. 2 boats are currently docked and are charged by the foot for each boat. Additional income potential through dock storage fees is possible. The home on the property is very well appointed with much character. Updated bath on first floor in 2021, deck rebuilt 2021.
Location
Located within a few miles of Belterra Casino, hotel and golf course. Markland Dam is also within minutes offering a bridge across the Ohio river to Kentucky. 45 minutes to Cincinnati Airport. Airbnb draws clients from the Ark and the Creation Museum.
Amenities
- Club House
- Storage
- Boat Access
- Manager Office
- Bathhouse
- Wifi
Financial Information (Actual)
Gross Income: | $80,000 |
Operating Expense: | $13,000 |
Net Operating Income: | $67,000 |
Expense Ratio: | 16.2 % |
Debt Info: | All boats are paid for and are worth about $300,000 total |
Utility Information
Water: | City |
Sewer: | City |