EDDY BAY LODGE IN EDDYVILLE KY

EDDY BAY RESORT LODGE

WATERFRONT HOME & RESORT SUITES

 8 SLIP DEEP WATER DOCK

INVESTMENT OPPORTUNITY!

INCOME PRODUCING PROPERTY!

Potential Yearly Income of $886,900.00 Based On One Year Full Occupancy!

REAL ESTATE DETAILS:

Tract 1: WATERFRONT HOME, OFFICE WITH 1 CAR GARAGE & 8 SLIP BOAT DOCK

Waterfront Home: The Waterfront Home Features 3 Kitchens, 5 Bedrooms, And 4 Baths. The Home Offers An Open Floor Plan, A Finished Walkout Basement, And Excellent Views Of Lake Barkley. Also On The Property Is A Detached 1 Car Garage & Office Area. This Property Could Be Used For Residential Or Commercial. The Home Currently Rents For $2145/Week or $335/Night In The Prime Months Of June, July, August And $2015/Week Or $310/Night In The Off Season.

Docking: Year-Round Deep Water Suitable for Docking, 8 Slip Deep Water Dock with 6 Covered Slips, and a Large Swim Platform. Belongs With Tracts 1 And 2. If The Tracts Sell Separate, Buyers Of The Tracts Will Have To Develop Community Ownership Of Boat Dock.

Tract 2: LAKESIDE SUITES

Lakeside Suites: The Suites have 6 Apartments with 1 Bedroom, 1 Bath, and Kitchen. These Units Rent For $110/$120Night or $715/$780Week.

Tract 3: HILLTOP RESORT UNITS & STORAGE BARN

Hilltop Resort Units: The Hilltop Resort Has Either 5 Two Bedroom Units With Kitchen, Or 10 One Bedroom Units When Closed From Bottom To Top Level. Additionally, There Is A Single Motel Room For A Total Possible 11 Unit Rental. The Upper Level 2 Bedrooms Rent For $130/Night Or $845/Week, And The Motel Room Rents For $100/Night Or $650/Week.

Storage Barn: 40X40 Storage barn with a 24X40 Covered Area.

REAL ESTATE SELLS ABSOLUTE AT 10:00 AM

AUCTION HELD ON SITE!

View Property Aerial

CLICK BELOW TO REGISTER TO BID ONLINE

TERMS AND CONDITIONS

PROCEDURE: The property will be offered in multiple tracts. Make Inspections Prior To Date Of Sale. Buyers shall conduct all due diligence prior to auction.

BUYERS PREMIUM: A 10% Buyer’s Premium will be added to the final bid and included in the deed transaction sale price.

DOWN PAYMENT: 15% as down payment on the day of the auction with balance in cash at closing on or before 30 days. The down payment may be in the form of cashier’s check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

CLOSING: Closing shall take place on or before 30 days from auction date.

REAL ESTATE TAXES: All 2022 ad valorem taxes will be prorated at closing

SURVEY: The property will be sold by the deed.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections investigations, inquires, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.

NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.