$1,450,000
$1,250,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
1,080 SqFt
SOLD DATE : 06/04/2021
Key Details
Sold Price $1,450,000
Property Type Single Family Home
Sub Type Site-Built Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,080 sqft
Subdivision None
MLS Listing ID 202036320
Sold Date 06/04/21
Style One Story
Bedrooms 2
Full Baths 1
Abv Grd Liv Area 540
Total Fin. Sqft 1080
Year Built 1991
Annual Tax Amount $4,883
Tax Year 4883
Lot Size 5.482 Acres
Property Description
French Lick Cabins/Patoka Lake Village, 1025 Newton Stewart Road, French Lick,In Minutes to boat ramps and USA Land THE OWNERS ARE RETIRING! Your opportunity to own an established lodging business! 11 Log Cabins with 2 having basement rentals plus a Log Office/Home Building with a basement which could be converted into another rental. Each are fully furnished including appliances, 2 units have hot tubs. Also included is the Good Will, Future Reservations,French Lick Cabins, LLC at Patoka Lake Village,60" Toro My Ride, Kubota RTV with snow plow. There is a fish cleaning station. Each cabin is connected to a mound septic system for this development. 5.492 Acres of land with room to expand. Possible expansion includes boat storage, RV Hook ups, more rentals or anything a new owner wants. This is an excellent opportunity to purchase and existing and established business with instant income! Asking $1,250,000! Arial video: https://youtu.be/z87pJS7WyBE
Location
State IN
Area Orange County
Direction 1025 Newton Stewart Road, French Lick, In From the Junction of St Rds 145 & 56 at the French Lick Resort-Casino go South on State Road 145 10.3 miles, turn left on Newton Stewart Road(Osborn Boat Ramp) go 1/4 mile and the property is on the left.
Rooms
Basement Crawl, Slab, Full Basement, Walk-Out Basement, Finished, Outside Entrance
Interior
Heating Electric, Forced Air
Cooling Central Air
Flooring Laminate, Vinyl, Other
Exterior
Exterior Feature Cable TV Antenna
Waterfront No
Roof Type Asphalt,Shingle
Building
Lot Description Irregular
Story 1
Foundation Crawl, Slab, Full Basement, Walk-Out Basement, Finished, Outside Entrance
Sewer Private
Water Public
Architectural Style Cabin/Cottage
Structure Type Log
New Construction No
Schools
Elementary Schools Springs Valley
Middle Schools Springs Valley
High Schools Springs Valley
School District Springs Valley Community Schools
Others
Financing Cash,Contract,Conventional
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IDX information provided by the Indiana Regional MLS
Bought with Brooks Galloway • BROOKS GALLOWAY REAL ESTATE