965 Cr 439, Lake Panasoffkee, FL 33538 | MLS A4141716 | Listing Information | BHHS Florida Realty

965 Cr 439,  Lake Panasoffkee FL, 33538

Status: Sold
MLS#: A4141716
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888.534.1116
relopro@bhhsfloridarealty.com
Last Updated: 12/4/2016 8:23 PM
Description for 965 Cr 439 Lake Panasoffkee, FL 33538
Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an income. This is a very versatile property with numerous options for great income and return on your investment. Easy 13+% NET CAP RATE just from the rental cottages, R/V lots, and boat slip rentals- WITHOUT even including the on site restaurant income potential. If the owner operates the restaurant and bait shop themselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out . Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught that day. A restaurant would become extra income and great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddleboard or boat rental business or fishing tours. There are numerous ways to double your income possibilities. Seller will look at owner financing with a strong down payment. This is one of the best bass fishing lakes in Florida. Become the owner of a marina that is written up monthly in The Coastal Angler Magazine.
Price
Sold Price:
$665,000
Sold Date:06/13/2016
None
Sumter
A4141716
Closed
Description
Live your dream and own one of the most breathtaking Marinas in the state of Florida. Retired or still working and looking for an income. This is a very versatile property with numerous options for great income and return on your investment. Easy 13+% NET CAP RATE just from the rental cottages, R/V lots, and boat slip rentals- WITHOUT even including the on site restaurant income potential. If the owner operates the restaurant and bait shop themselves the numbers go up 30-40%. Waterfront restaurant features indoor and outdoor seating for up to 75 persons that could be rented out . Open as a catch and cook along with a menu restaurant. Your guest would love to eat what they caught that day. A restaurant would become extra income and great asset to the area. There is a very nice 3/2 unit for the owners to live in, or choose a smaller unit and rent the larger one out. There are 28 boat slips, or 56 half slips for the average bass boat. Great income also comes in from the 13 R/V lots on site. Start your own kayaking, canoeing, jet ski, paddleboard or boat rental business or fishing tours. There are numerous ways to double your income possibilities. Seller will look at owner financing with a strong down payment. This is one of the best bass fishing lakes in Florida. Become the owner of a marina that is written up monthly in The Coastal Angler Magazine.
Listing Information
Property Type: Other
2.62 Acres $112.44 2004
Block, Siding, Wood Frame
20//
None
County Water
Electric, Cable TV
11 Total
Neighborhood
Room Information
Interior Features
Central Air, A/C - Zone
Central
Exterior / Lot Features
RV Parking, Drive Space
Siding
Covered, Patio Screened
Shingle
None
No Pool
Lake
218x524, Two + to Five Acres
5005, 5252
Water Access, Lake Access, Lake, Boat Slip, Private Boat Ramp, Fishing Pier, Seawall, Mature Landscaping, Grill - Outdoors, Sidewalks, Cul-De-Sac, In County, Dead End Street, Paved Road
Driving Directions
exit 321 off I75 west to Sunoco station turn right go stright to lake
Financial Considerations
J04001
$3,200
2015
Market Trends and Price History
Listing Price History

Lake Panasoffkee Real Estate

Lake Panasoffkee is located in Florida. Lake Panasoffkee, Florida 33538 has a population of 3,798.

The median household income in Lake Panasoffkee, Florida 33538 is $33,233. The median household income for the surrounding county is $46,981 compared to the national median of $53,046. The median age of people living in Lake Panasoffkee 33538 is 55.7 years.

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Courtesy: ALL FLORIDA REALTY & AUCTION C


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