$749,900

965 Cr 439

LAKE PANASOFFKEE FL, 33538

Description

Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an Income. This is a very versatile Property with numerous options for great income and return on your investment. Easy 13+% Net Cap Rate just from the rental cottages, R/V lots, and boat slip rentals without even including the on site restaurant income potential that is up and running. If the owner operates the restaurant and bait shop shemselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out. Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught.The restaurant has become extra income and a great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 11 units an upto 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddle board or boat rental business or fishing tours. There are numerous ways to double your income possibilities.

Details

MLS#A4173806
Sub-TypeResale
StatusActive
Year2004
Days On Site980

Features

Units11
Building(s)12
Water FrontYes
Property ViewYes

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Area Information

StateFL
CountySumter
CityLAKE PANASOFFKEE
Zip Code33538
Area33538 - Lake Panasoffkee
Listing VS Median (in 33538)
Price:
$749,900
low | high
Med:
$129,200
100% of Average
On Site:
980
low | high
Med:
68.5
100% of Average
Listing Updated: 09/14/2019
MLS Number: A4173806
Listing Provided By:
Brian Herron  of  All Florida Realty Auction C

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