REAL ESTATE AUCTION

SATURDAY, NOVEMBER 17TH, 2018 AT 12:00 PM

ADDRESS: 75 FOREST GLEN DRIVE, EDDYVILLE, KY 42038

DIRECTIONS: From I24, Take Exit 45 0.2 Miles to HWY 293 South to Forest Glen Drive 4.3 Miles to Property! Signs Posted!

EDDY BAY RESORT LODGE

 

WATERFRONT HOME & RESORT SUITES

 8 SLIP DEEP WATER DOCK

INVESTMENT OPPORTUNITY!

INCOME PRODUCING PROPERTY!

Potential Yearly Income of $680,800.00 Based On One Year Full Occupancy!

REAL ESTATE DETAILS:

Tract 1: WATERFRONT HOME, OFFICE WITH 1 CAR GARAGE, LAKESIDE SUITES, & 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 $1799/Week In The Prime Months Of June, July, August And $1675/Week Or $325/Night In The Off Season.

Lakeside Suites: The Suites have 6 Apartments with 1 Bedroom, 1 Bath, and Kitchen. These Units Rent For $110/Night or $686/Week. Lakeside Suites Can Be 3 Units With 2 Bedrooms.

Docking: Year Round Deep Water Suitable for Docking, 8 Slip Deep Water Dock with 6 Covered Slips, and a Large Swim Platform.

Tract 2:

Hill Top Resort Units: The Hilltop Resort Has 5 Two Bedroom Units With Kitchen and 1 Motel Room. These Units can also rent as 1 Bedroom Units for a total possible 11 Unit Rental. The Upper Level 2 Bedroom That Rent For $155/Night Or $930/Week, And The Lower Level 2 Bedroom Units Rent For $145/Night Or $870/Week. The Possible Upper Level 1 Bedroom Unit Rents For $90/Night Or $560/Week, And The Possible Lower Level 1 Bedroom Units Rent For $85/Night or $525/Week. The Motel Room Rents For $80/Night Or $480/Week.

Also on Tract 2 is a 40X40 Storage barn with a 24X40 Covered Area.

REAL ESTATE OFFERED AT 12:00 PM

AUCTION HELD ON SITE!

REAL ESTATE TERMS: 15% Down Day Of Sale Balance on or before December 31, 2018.  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.