Investment Property Value Add Opportunity

Cornucopia, WI 54827, USA 0

$299,900 After Repair Value -
$233,700 Asking Price -
$0 Cost of Repairs =
$66,200 Potential Profit

Property Details

Asking Price $233,700

After Repair Value $299,900

Costs of Repairs $0

Potential Profit $66,200

Living Area 4460 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms +6

Half Bathrooms N/A

Parking 0

Listed with Agent 1

Property Description

Mixed Use Building Bed and Breakfast, AirBnB, Local Tourist Bar, House Hack Commercial Lease Value-Add Opportunity 4 bd 8 ba 4,460 sqft CASH ONLY TERMS Contract Price = $233,700 @ 6.5% Buy all price = $51,300 Earnest Money Deposit: $5,000 Amortized 20 years @ $1,742 month payment Balloon due after 4 years Minimum Purchase Price = $285,000 No prepay penalty Buyer pay closing cost,Taxes, insurance Commercial Lease Value-add opportunity Comps: Airbnb $80 - $130/night - Bed and Breakfast $100-$250/night Multi-use property that could be converted into a lodge for your family & friends to enjoy a get-away any time of year or make this your special residence. Formerly an all-inclusive restaurant, inn and bar & grill. Catch the Lake Superior breeze with this chalet style four room inn, bar, restaurant and separate tiki bar & grill. The warm character of the exterior extends inside to the bar area with a cozy brick fireplace and pellet stove. Wooden bar and wood beams on the ceiling add to the home-like atmosphere. Sit, relax and enjoy a special lunch or dinner with family and friends after a day at the beach. The Inn contains four rooms upstairs each with their own en suite full bathroom. They share a common area with a fireplace and sliding glass doors that lead onto a deck. Washer/Dryer and utility sink also upstairs.


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