PAPPY'S MARINA &
CAMPSITES
ON BEAUTIFUL WATAUGA LAKE1700
Sink Valley Road
Butler, TN
Thursday,
August 27th, 2009 - 12:00 Noon
Financing
subject to proof of income, acceptable repayment capacity, no bankruptcy or material adverse credit reporting
Subject to Bank Customer
Identification Program requirement
Property
Information
-
Excellent income producing opportunity with (48) boat
slips renting for $100 per month and (32) campsites renting for $250
per month with a possible annual income of $57,600 for the marina
and $96,000 for the campsites. Total possible annual income of
$153,600.
-
48 Slips
-
32Campsites
-
Lake View Cabin with 4 Bedrooms / 2 ½ Bathrooms
-
Deep Water Cove
-
(2) 250 Gallon Above Ground - On the Dock - Fuel
Tanks to Serve the Marina
Watauga Lake
Information
-
20 Miles Long
-
Up to 300 Feet Deep in Some Areas
-
3rd Cleanest Lake in the United States
-
Almost completely surrounded by the Cherokee national
Forest
-
Walleye, Trout & Catfish are available for catching
-
For more information on Watauga Reservoir, please
visit
http://www.tva.gov/sites/watauga.htm
Utilities Available:
Electric / Water / (2) Septic Tanks & Drainfields
-
Mountain City serves water to entire property and to
each campsite (2) Water Meters
-
(4) Electric Meters
Zoning:
No Zoning Classification with in Johnson County limits
Estimated Real Estate Taxes:
Annual Johnson County Real Estate Taxes – Approx. $6,086.15
Directions:
Traveling north on I-81
towards Johnson City, take exit 57A to merge onto I-26 E / US-23 S
toward Johnson City and travel 15.4 miles. Take exit 31 for US-321 /
TN-67 toward Elizabethton and travel for 2/10 mile. Turn right at TN-67
/ University Parkway / US-321 and travel for 8.5 miles. Turn right at
Hwy 19 E / TN-37 / TN-67 / US 19E / US-321 and travel for 5.2 miles.
Turn left at TN-321 / TN-67 / US-321 just past the McDonald’s and travel
for 14 miles. Turn right at Sink Valley Road and travel for 1 mile to
property on right.
Terms:
10% Buyer's Premium - Successful bidders will deposit 10% of the
purchase price (including Buyer's Premium) and is due today in the form
of cash, cashier's check, personal or company check plus a real estate
sales contract must be signed. Balance is due in certified funds at
closing.
CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS
AVAILABLE.
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