Remarks

GREAT income potential property. Next to Hubbard Creek Lake. Not utilized to full potential. Room for expansion. 8+RV spots not leased. 3 units leased. 3 not leased for sale. 6x6 storage bldg. Demand is there to increase rents to $650month. Zoned multi family, RV market rental rate is $300month added income potential is $2400month. We have 3 units leased at $550.00. Owner pays for water trash and sewer. Currently owner pays trash $90mo, water $200month.New owner should consider passing utility expenses onto tenants to increase income $3,480.00 per yr. Property unrealized income potential of additional $25,000.00.
Only one block away from the lake.

Details

MLS#: 20833278
Price: $319,000

Style: Hotel/Motel
Year Built: 1999

County: Stephens
Subdivision: Oakhill Estates