KENTUCKY LAKE WATERFRONT AUCTION
Saturday, September 21st, 2019 @ 12:00 PM
12710 U.S. HWY. 68 East, Benton, KY 42025
OPEN HOUSE: Saturday, September 7th From 1:00 PM – 3:00 PM
LODGE – CAMPGROUNDS – MARINA
OVERLOOKING KENTUCKY LAKE AT JONATHAN CREEK
FULLY OPERATIONAL BUSINESS WITH CASH FLOW INCOME STARTING THE DAY YOU CLOSE!!
POTENTIAL ANNUAL RENTAL INCOME OF $2,354,322.00 BASED ON A 274 DAY SEASON
20.38 ACRES IN 7 TRACTS & COMBINATIONS
REAL ESTATE TRACTS: Tract 1: Hotel with 16 Units, 2 Condos, 16 Waterfront RV Sites, & Lake View Cabins on 4.47 Acres, Tract 2: Full Service Marina with 170 Slips, General Store, & 2 2,500 Fuel Tanks on 0.5 Acres, Tract 3: 6 Cabins, 1 Park Model, & 44’ X 80’ Metal Building For Boat Works & Office Area on 1.94 Acres, Tract 4: Condo House with Full Basement, 3 Park Models, 1 Mobile Home on 1.17 Acres, Tract 5: Liquor Store, Game Room, Coin Laundry Room, Men’s & Woman’s Bathhouse, Pool, Playground, 54 RV Park Waterfront & Marina Campsites, 5 Park Models, & 20 Primitive Campsites on 7.52 Acres, Tract 6: 2.63 Acres, Tract 7: 2.15 Acres
TOTAL POTENTIAL ANNUAL RENTAL INCOME: $2,354,322.00
PLUS 3 Year Annual Average of $50,000.00 in Fuel Sales and $52,000.00 in Beer/Liquor Sales.
Annual Property Taxes, Monthly Insurance Premium, & Income Tax Returns Available upon Request and Will Only be Sent to CPA by Secured Method
THIS WATERFRONT PROPERTY OFFERED AT 12:00 PM!
AUCTION HELD ON SITE REGARDLESS OF WEATHER!
REAL ESTATE TERMS: 15% Down Due Day Of The Sale With Cash Balance In 30 Days. A 10% Buyer’s Premium Will Be Added To The Final Bid & Included In The Contract Price. Buyer Will Be Required To Sign A Lead Based Paint Disclosure Waiving The Opportunity To A 10 Day Post Sale Inspection. Make Inspections Prior To Date Of Sale.