Multifamily Property For Sale - Mineral Lake Resort

148 Mineral Hill Rd, Mineral, WA, 98355

 
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Mineral Lake Resort

 

148 Mineral Hill Rd

Mineral, Washington 98355
County: Lewis
 
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  For Sale Active  
Type:Multifamily
Mobile Home/RV Community
No. Spaces:22
Lot Size:2.24 Acres
Occupancy:100.00%
Price:$1,499,999
Price/Space:$68,182
Cap Rate:9.00%
Date Last
Verified:
12/8/2008
Property ID:15370498
 
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 Additional Information 

Property Description:
This resort has great potential for growth since it is only open approx 5 months out of the year at present time. Owner may consider Possible Carry Back!! Mineral Lake Resort offers a host of amenities. Dock fishing is popular and there are both row boats and pontoon boats available to rent. The fun pontoon boats will carry a group of family and friends. For those who prefer other lake activities there is a designated swimming as well as a small water-ski area. And of course, Cabins and RV spaces are available for you, your family and friends to enjoy a peaceful getaway. Tackle, Bait & Snack Shop opens 5 months during fishing season. Seller may consider carry back!!! Seller will provide all books and records after mutal acceptance to buyers satisfaction.

Location Description:
Nestled in the forested mountains in view of the majestic Mount Rainier, Mineral Lake, located only 17 miles from the entrance to Mount Rainier National Park and easily accessible off Highway 7 between Elbe and Morton, offers some of the best trout fishing in western Washington. A Washington State Trout Management Lake, Mineral Lake is stocked with Rainbow, German Brown, Triploid Steelhead and Brood Stock. Both Cutthroat and crayfish are natural inhabitants. The natural feed in the lake from decomposed logs and freshwater shrimp boosts the fertility of Mineral beyond the norm for lakes in western Washington and promotes rapid growth and big healthy fish well over 11 pounds.

  Financial Summary Actual  
Net Operating Income:$100,000
 
  Space Mix Information
No Space Mix Information Provided
 
  Debt & Equity Information
No Debt & Equity Information Provided
10/3/2007
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
 
 

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