Remarks

What an opportunity to capitalize on the popular vacation rental business with this 11 +/- acres overlooking the Mississippi River and the Savanna-Sabula bridge with 10 vacation rental cabins and a strong rental history! A paved road ascends up the bluff with each cabin perfectly placed to maximize the Mississippi River views. Each cabin has a similar design and all are being sold fully furnished to include two queen beds, living room sets, kitchenettes and heating and air conditioning units. An additional building near the entrance of the property serves as a laundry and storage facility. The property has a strong rental history and, with every cabin booked nearly every weekend and frequent bookings during the week as well. The entire booking process has been automated and currently has an excellent cleaning staff to make sure the cabins are ready for the next check in. This is an excellent real estate investment for those looking for a near double digit rate of return and a property with major appreciation upside as there are only so many privately owned Mississippi River view like this one. With so many local attractions including nearby Galena, Chestnut Mountain Ski Resort, endless hunting and fishing opportunities, golf courses, state parks, etc-Northwest Illinois will continue to thrive as a popular destination for visitors and is less than 3 hours from downtown Chicago, around 2 hours to Madison WI, and only an hour to the Quad Cities. Call today to see the impressive income history and set up a showing on this impressive, high income vacation rental property!

Details

MLS#: 202405518
Price: $950,000

Style: Rental

County: Carroll County
Tax Fee: 13272