America's Paradise Resort & Marina

Joe LaRue No Offer October 19, 2020 178 Email

$0


Pending Financing
Current Offer(s)

$0


Cash Offer

Details

Inspection Dates:December 5-6th.
Offers accepted from:Offers accepted December 8th, Ending date December 10th 2PM CST
Condos/cottages15
Accommodations116
Marina Capacity28 covered slips, 4 not covered
Marina FacilitiesFull service with fuel and bait
Boat rentalsNone
Property size+/- 7.3 acres
WellYes
SepticYes
PoolOutdoors kidney shape
Value Added Room for 10 additional Condo's, 11 cottages and 41 RV spaces. See proposed site plan

Description

FOR SALE - OFFERS DUE BY December 10TH 2PM CST

AMERICA’S PARADISE RESORT     -    ON KENTUCKY LAKE

1024 Paradise Dr. Murray KY 42071

OPEN AND OPERATING

 

Picturesque secluded resort with pool and RV Park development opportunity.  If you’re an investor then take a look at the gross and net income, ROI and tremendous upside growth potential and property enhancements. If you are an owner/operator you now have a tremendous opportunity to enhance upon what we’ve been doing right and continue to improve upon our customer satisfaction ratings.  Create upside potential by adding condos/cottages and an RV park to increase your revenue base.

 

Currently there are 15 rental units that will accommodate up to 116 guests. 

7.3 acres with RARE five acre permanent easement to Kentucky Lake.

 

Marina - offers gas, slip rentals and 3 pontoon boat rentals included in sale

Docks - 30 slips, 28 covered and 4 are uncovered.  Plans call for 32 additional slips and doubling size of marina.



https://paradiseresortkylake.com/

 

This is a great pandemic proof investment as income has grown by almost $40,000 over 2019.  

 

Inspection period:  December 5th - 6th all day



OFFERING MEMORANDUM

REGISTER on the website www.theexchangeusa.com to view and download all due diligence materials including the property financials.    Mark the date and make your offers between December 8-10th !  

 

www.theexchangeusa.com - 417-838-7269 or joe@theexchangeusa.com

 

Additional sources of Income potential

  • The option to add 10 more condominiums to the property producing 100 more guests. 
  • The option to double the size of the marina dock. Doubling marina income. 
  • The option to add an RV park to the property with 41 RV spaces at $1,000 per month/space.
  • New dock planned with additional 28 slips @ $20/day/slip
  • Jet ski – ski boat – house boat rentals $50-$100 per 4 hour rental.
  • Lease vacant slips 

Check out the Planned expansion drawing.


Questions

Buyer
"Is this marina for sale" on November 23, 2020
Is the marina for sale if so what lake is it on
If you read the description above you will see the address and maps showing the location on Kentucky Lake.
Ken Goessling
answered on November 24, 2020

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Offer Closes December 10 - 02:00 pm CT

Listing Opens on December 8

Please return here to place your offer on the listing's opening date!

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Cash Offer Minimum: $605,000
Pending Finance Minimum: $605,000

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