Back O’ the Moon Resort
PRICE REDUCTION
Picture perfect northern MN resort property. New & newly updated cabins, room to grow and a great swimming beach on Bass Lake. Owners of 6 years ready to retire. Black top drive and access, turn key, new home and all but 1 units are lakefront.
Private, wooded area of Grand Rapids on reknown Bass Lake. This is a must see resort! 2009 business appraisal and bank financing available to qualified buyers. There is a ‘right of first refusal” to purchase adjoining real estate here that includes an additional 5 acres and a cabin with great lake view.
Sellers open to offers and willing to assist with financing. 2009 appraisal available to qualified buyers.
Web Flyer
View Slide Show
Property Details
Listing Price: $699,000
Address: 39202 Back-o-Moon Rd.
City: Grand Rapids
State: MN
Zip Code: 55744
County: Itasca
Status: For Sale
MLS #: non-MLS listing
Lot Size / Acres: 3.12
Lake Frontage: 515
Lodge Sq Ft: 264
Lake Name: Bass
Financial Details
GOI: $65,654
NOI: $40,000 +/-
ROI: *6.2%
CAP Rate: *5.7%
Taxes: $2,017
Insurance: $3,435
Terms: Cash w/ possible seller subordinate financing
Lodge & Home Information
Owners Home: Yes, attached to lodge
Beds: 3
Baths: 2
Sq Ft: 2,112
Food Service: no
Liquor: no
Beer: no
Wine: no
Cabins & Campsites
Total Cabins: 6
Bed 1:
Bed 2: 5
Bed 3:
Bed 4+: 1
Renuion:
Total Campsites: 4
Seasonals:
RV Non Seasonal:
Primative: 4
Dock & Water Systems
Dock System: 192+ feet of roll in (new)
Septic System: Tank / DF - compliant
Well System: Deep Drilled - Submersible Pump / 4' case
Additional Information
*The returns data for this property assumes 30% down payment (70% financed) at full sales price under the current conditions. Calculating financial returns will vary based on sales price, amount financed and current lending practices. Buyers will be expected to do their own due dilligence regarding their specific situation. Current conditions can be viewed here.
Property Map
Listing Agent
