TITLE:
CAMPGROUND/ CORP RETREAT
CONTROL:
Exclusive
VALUE:
$1,500,000
LOAN:
$0
EQUITY:
$1,500,000
TYPE:
Resort Property
HAVE:
Multiple buildings (see below) on 13 Ac outside of City Limits of Wimberley, TX (Hays Co) near Austin. OWC First TD @6.0%, Int Only, Terms TBD. 2021 Appr. $1.7
ADDRESS:
10703 RANCH ROAD 12, Wimberly, Texas
BENEFITS TO NEW OWNER:
Seller will carry soft terms, 10 rentable cabins, commercial resturant.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$12,000
NOI:
$-12,000
DEBT SERVICE:
$0
CASH FLOW:
$-12,000
CAP RATE:
0.00%
BENEFITS SOUGHT:
looking for a problem to solve. Financial, physical, tenant, title, etc
CAN ADD:
UP TO $1M in cash . 8 Un Motel Joshua Tree CA: v: 1.149M; L:648,250; E:501,000, $400,000 in paper: $8,261/mo 12%+ in book under Bob Zweig.
REMARKS:
One large (4/3, 2200sq.ft) SFR , one small SFR, TEN cabins (sleep 3-4 ea) ave 280 sq.ft. one "great room" dining hall and commercial kitchen. Horse Stable. all on 13 AC outside of city limits. Have 2021 MAI at $1.4 vacant or $2.5 leased.
COUNSELOR:
Debbie Ferrari
KW Commercial Coastal Castles
635 Camino De Los Mares, 3rd Floor
San Clemente, California, 92673
