Mix Used Property 20% Under Market Value

Cornucopia, WI 54827, USA 0

$299,000 After Repair Value -
$233,700 Asking Price -
$0 Cost of Repairs =
$65,300 Potential Profit

Property Details

Asking Price $233,700

After Repair Value $299,000

Costs of Repairs $0

Potential Profit $65,300

Living Area 4460 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 0

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Mixed Use Building Bed and Breakfast, AirBnB, Local Tourist Bar, House HackCASH ONLY TERMSContract Price = $233,700 @ 6.5%Buy in price = $51,300Earnest Money Deposit: $5,000Amortized 20 years @ $1,742 month paymentBalloon due after 4 yearsMinimum Purchase Price = $285,000No prepay penaltyBuyer pay closing cost,Taxes, insuranceCommercial Lease Value-add opportunity Comps: Airbnb $80 - $130/night - Bed and Breakfast $100-$250/nightMulti-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.\ -

CONTACT LISTING OWNER

Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on Cornucopia, WI 54827 USA

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (20)

Hundreds of properties in USA! Check Deals in USA