America's Paradise Resort & Marina

Marty Rogers No Offer October 19, 2020 356 Email

Details

Inspection Dates:Open House December 5-6th, or Call to View
Offers accepted from:Offers being accepted now
Condos/cottages15
Accommodations116
Marina Capacity28 covered slips, 4 not covered
Marina FacilitiesFull service with fuel and bait
Boat rentalsyes 1 pontoon
Property size+/- 7.3 acres
WellYes
SepticYes
PoolOutdoors kidney shape
Value Added Room for additional condo's, cottages, dock, etc...

Description

FOR SALE - OFFERS BEING ACCEPTED NOW
AMERICA’S PARADISE RESORT - ON KENTUCKY LAKE

1024 Paradise Dr. Murray KY 42071

OPEN AND OPERATING

Picturesque secluded resort with pool and 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 and cottages 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:  Call to View

OFFERING MEMORANDUM

REGISTER on the website www.theexchangeusa.com to view and download all due diligence materials including the property financials.   Make your offer, on the webpage to the right at EXOffers or email joe@theexchangeusa.com for a private offer.

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 

We found a number of restrictions on title from a previous owner (Valerie and Mark Fredrick) whose residence is to the west of the subject property.  Please review the supporting title documents in detail (SP-Exceptions 12_413_606) included in the link below.  Here is a summary: 

  1. Perpetual, assignable, transferable easement to the boat ramp.
  2. Right to use a covered boat slip 22'x21' (deed says 1 singular slip but lists "4-5" and we are told they are using slips 9-10)
  3. Perpetual, assignable, transferable right to view KY Lake easement.
  4. Camping, such as tents, movable trailers and temporary dwellings are prohibited.
  5. Furnish potable water from its water well

Title search Supporting documents

Thomas J Karras, KY Broker (tomkarras@gmail.com)

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

Questions

Buyer
"is this still for sale?" on December 14, 2020
Good afternoon, is this marina still for sale? Thanks!
Yes, this marina and resort are still for sale. If you are a real estate professional please contact us directly as well be glad to work with you and you're client. 800-641-6520
Marty Rogers
answered on December 14, 2020

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

Buyer
"_WSETESTDATA" on July 13, 2021
_WSETESTAREADATA

Buyer
"_WSETESTDATA" on July 13, 2021
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Buyer
"_WSETESTDATA" on July 13, 2021
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Buyer
"_WSETESTDATA" on June 13, 2021
_WSETESTAREADATA

Buyer
"_WSETESTDATA" on June 13, 2021
_WSETESTAREADATA

Buyer
"_WSETESTDATA" on June 13, 2021
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