Cape Coral Real Estate

Ideal 4 cabins rental properties on 8 Acres for owners/operators and qualifying for E2 visa.

This business will qualify for foreign investors seeking an E2 investor Visa.

Grossing $75,000+/year and could be better if on site owner and if rented as overnight.

Possibility to built 2 more units and cottage on the creek side.

20 minutes from the Great Smoky Mountains National Park with 11 millions visitors/year!

This property has huge potential. I strongly suggest to use the basements and garage as home theater and game room/entertainment area with big flat screen TVs. With the 2 other cabins built, this property will have 6 cabins in total. The potential rent for those completed cabins could be as follow:

1 X 4 bedrooms cabin: $45K/year

2 X 2 bedrooms cabin: $64K/year (2 X $32K)

3 X 1 bedroom cabin: $75K/year (3 X $25K)

Cottage/camping site/RV space could go from $25/night to $60/night with a potential of $$36K/year

So the total potential gross could reach the $220,000 mark per year.

The 2 cabins that can be built would cost a roughly $160K for both.

The cottage are smaller studio like cabin that can be extremely competitive if priced below $60/night because that will be a cheaper alternative to hotel room while bigger,more private and located in a better environment.

Asking: £590 000/$945,000/725,000 Euros | 70% financing in place already | £180,000/$315,000/225,000 Euros down (30%)

Claude THOMAS

1-865-237-5043
www.isellsevier.com/156868

Comments (0) Feb 08 2010