Contact Information

RV Park/Campground Details

  • Price: $1,300,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1547429
  • Posted On: Nov 5, 2021
  • Updated On: Nov 5, 2021

Property Description

The Mermaid Cove Marina and Airbnb investment property. Personal home, 7 Airbnb units of which 4 are houseboats, 1 sailboat, 1 tiny house and a 23' camper with attached covered deck. 2 bedroom 1 full bath 2 story home with a crows nest on top. Each Airbnb unit is fully appointed with furniture, extra bedding, cooking and eating utensils. Marina and Airbnb operate from April 1 through late October with potential to operate later in the season. 10 plus dock spaces with water and electric to 6 of them. Additional spaces could be added with dredging along the front side of dock. Airbnb records available showing each unit heavily booked all season. 2 boats are currently docked and are charged by the foot for each boat. Additional income potential through dock storage fees is possible. The home on the property is very well appointed with much character. Updated bath on first floor in 2021, deck rebuilt 2021.

Location

Located within a few miles of Belterra Casino, hotel and golf course. Markland Dam is also within minutes offering a bridge across the Ohio river to Kentucky. 45 minutes to Cincinnati Airport. Airbnb draws clients from the Ark and the Creation Museum.

Amenities

  • Club House
  • Storage
  • Boat Access
  • Manager Office
  • Bathhouse
  • Wifi
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Financial Information (Actual)

Gross Income $80,000
Operating Expense $13,000
Net Operating Income $67,000
Expense Ratio 16.2 %
Debt Info All boats are paid for and are worth about $300,000 total

Utility Information

Water: City
Sewer: City

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