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Presented by

WOOD DENNIS

IOWA REALTY

• Main Phone (319)365-0581

CONTACT AGENT

REQUEST PERSONAL SHOWING

Data Provided by:

Cedar Rapids Area AoR

Property Description

4 BEDROOM RENTAL UNITS ... PLUS LARGE WATERFRONT LOT. SQUARE FOOTAGE, BEDROOMS & BATHS REPRESENTS 4 UNITS. ALL UNITS FURNISHED WITH REFRIGERATORS AND STOVES. OPPORTUNITY ABOUNDS IN THIS START-UP WATERFRONT RESORT ON LAKE DELHI.'LAKES END CABIN RESORT' HAS BEEN IN BUSINESS FOR 3 SHORT YEARS AND HAS EXPERIENCED A DRAMATIC INCREASE IN RETURN CUSTOMERS AND REVENUE. THE RESORT CURRENTLY BOASTS OF RESERVATION 6 MONTHS OUT. THERE ARE 4 RENTAL UNITS ALL BUILT NEW IN THE 2006/2007 TIMEFRAME PLUS THIS WATERFRONT RESORT WILL EASILY SUPPORT AN ADDITIONAL 4 UNITS AND THERE'S ROOM FOR THE OWNER TO PLACE A PERSONAL RESIDENCE, ON SITE. THIS COULD BE THE BEST OF BOTH WORLDS, A WATERFRONT HOME SITE THAT GENERATES REVENUE! 2008 GRS REV $48,380 (3RD YEAR-31% INCREASE FORM 2007). THIS REFLECTS ONLY A 39% OCCUPANCY RATE IN 2008 (SEE-POTENTIAL). NOT FAMILIAR WITH LAKE DELHI, VISIT WWW.LAKEDELHI.COM FOR AN OVERVIEW OF THE HISTORY & CURRENT EVENTS MLS# 2905883.

Property Features

• Market Status Available
• Property Type Single Family Home
• Architecture Single Family
• Year Built 2006
• Bedrooms 7 BR
• Baths 3 full BA
• Approx. Lot Size 1.60 Acres