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$ 535,000
4,920 SqFt
$ 535,000
4,920 SqFt
Key Details
Property Type Vacant Land
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 4,920 sqft
Price per Sqft $108
MLS Listing ID 26022892
Year Built 2008
Lot Size 3.100 Acres
Acres 3.1
Property Sub-Type Hotel/Motel
Property Description
Profit and Loss statement available by contacting listing agent. Property is making $30-$40k are year - past two years. Incredible Investment Opportunity in Wolf Creek Dam area! Are you looking for a property with endless possibilities? This modern motel offers a rare chance to own a prime piece of real estate in one of the most sought-after lake areas. Sitting on over 3 acres and featuring 8 fully furnished rooms, this property is truly one of a kind. Property Highlights: • 8 rooms - each with double queen beds • Mini fridge, towels, and linens included • Keypad entry for easy rentals • Boat plug-ins outside each room • One water heater for every two rooms • Completely furnished & ready to rent • Washer and dryer included • Large parking lot with room to turn boats Location Perks: This is the last property by the Cumberland River boat ramp. Launch your boat and park it right on your own property! With plenty of space to expand, you could easily add a kayak rental business, boat storage, or a garage for even more income potential. Endless Potential: Use it as a turnkey investment property, create a family lake compound, or go in with friends to own your own shared getaway with a common gathering space. Owners have rental history from the past couple of years, making this an excellent income-producing opportunity. Prime location. Multiple revenue possibilities. Rare find. Opportunities like this don't come along often-and it won't last long.
Location
State KY
County Russell
Zoning None
Interior
Heating Other
Cooling Other
Exterior
Parking Features Gravel, On Site
Utilities Available Sewer Connected, Water Connected
View Y/N N
Roof Type Shingle
Handicap Access No
Private Pool No
Building
Sewer Private Sewer
Others
Virtual Tour https://my.matterport.com/show/?m=ckk9xxutQsc&mls=1
Listed by The Realty Firm - Byrdstown