2140 N Morgan Rd - Specialty FOR SALE


Taswell, IN 47175
$1,495,000 USD
812-620-0046
2140 N Morgan Rd, Taswell, IN for Sale
$1,495,000 USD
Specialty - FOR SALE
1/53
null | Request Cap Rate

2140 N Morgan Rd
Taswell, IN 47175


HIGHLIGHTS

  • Popular and Unique AirBNB / VRBO / Short Term Rental Property located on 86 wooded acres in Southern Indiana about 7 minutes away from Patoka Lake.
  • 8 Log Cabins currently being rented nightly and an 8 Space Campground with water & electric. 2 Older Cabins that can be repaired for 10 total cabin.
  • 1 small fishing pond on the property and 2 landscape ponds, 2 creeks Trails on the property, large activity game barn.
  • Owner Financing Available!!

OVERVIEW

Very popular and unique AirBNB / VRBO / Short Term Rental Property located on 86 wooded acres in Southern Indiana about 7 minutes away from Patoka Lake. The property is in a secluded location and allows people to get away from everything for a few days. This property consists of: 8 Log Cabins currently being rented on a nightly basis and 8 Space Campground with water & electric. There are 2 Older Cabins that that can be repaired and eventually rented as well for a total of 10 cabins. Plenty of value add opportunities including building more cabins, tiny houses, glamping, and possibly adding RV’s to the campground rent out nightly. etc on the property. Online booking system in place for easy online management of direct bookings, Airbnb, and VRBO. 1 small fishing pond on the property and 2 landscape ponds, 2 creeks Trails on the property, large activity game barn. Property generates nearly $175,000+ in gross income per year. Perfect Recreational Property With Income. Go to www.BestPatokaLakeCabins.com for more photos. Great location near Patoka Lake, Holiday World, French Lick, Marengo Cave, Hoosier National Forest, more Contract may be available with 25% down / 3 year term; Details to be negotiated. Income/Expense Details available after signing a Confidentiality Agreement. Timber was last cut around 2018 or so.

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

White Oaks Cabins

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

86.5 AC

LAND SF

3,767,940 SF

ZONING

410 COM MOTELS/TOURIST CA

APN/PARCEL ID

130609100001000009

ASK ABOUT THIS PROPERTY

Nathan SolidayStreamline Real Estate, LLCMore Info
812-620-0046

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Nathan SolidayStreamline Real Estate, LLCMore Info
812-620-0046

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.