Pleasant Ridge Resort
SHOWN BY APPOINTMENT ONLY! Beautiful wooded setting with awesome eastern view over the 2nd Crow Wing Lake. Great sand beach and excellent fishing on this chain.
From Pleasant Ridge your customers can enjoy fishing Crow Wing Lakes 1 – 4 as well as river fishing between them. Only 15 miles to Park Rapids, MN. 8 modern cabins, rustic lodge, adequate equipment list and several updates here over the recent past. Growth potential and just a great location.
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Property Details
Listing Price: $729,000
Address: 12148 Bay Berry Dr.
City: Menahga
State: MN
Zip Code: 56464
County: Hubbard
Status: For Sale
MLS #: non-MLS listing
Lot Size / Acres: 3.8 acres
Lake Frontage: 750
Lodge Sq Ft: 850 sf.
Lake Name: Second Crow Wing
Financial Details
GOI: $66,000
NOI: $33,000 +/-
ROI:
CAP Rate: *4.5%
Taxes: $4,148
Insurance: $2,850
Terms: Cash
Lodge & Home Information
Owners Home: Yes, attached to lodge
Beds: 3
Baths: 1
Sq Ft: 1,200
Food Service: no
Liquor: no
Beer: no
Wine: no
Cabins & Campsites
Total Cabins: 8
Bed 1: 1
Bed 2: 3
Bed 3: 3
Bed 4+: 1
Renuion:
Total Campsites:
Seasonals:
RV Non Seasonal:
Primative: 4
Dock & Water Systems
Dock System: Wood, post/plank 150' approx.
Septic System: Tank / DF - compliant
Well System: Deep drilled water well
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.
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