Madison, WI 53719

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Investment Opportunity Land Contract Financing (Cornucopia WI)

Price: $285,000
Address:
City: Madison
State: WI
Zip: 53719
Amenities: Fireplace,Patio/Deck,Washer Dryer
Bedrooms: 4
Condition: Resale
Fee: No
Square Feet: 4460
Provided By: Claz

Description:

Mixed Use property Bed and Breakfast, AirBnB, Local Tourist Bar, House Hack 4 bd 8 ba 4,460 sqft CASH ONLY TERMS Minimum Price = $285,000 18% down payment @ $51,300 Earnest Money Deposit: $5,000 Amortized 20 years @ $1,742 month payment Balloon due after 4 years Contract Price $233,700 @ 6.5% No prepay penalty Buyer pay closing cost,Taxes, insurance Comps: Airbnb $80 - $130/night - Bed and Breakfast $100-$250/night Multi-use property that could be converted into a lodge for your family & friends to enjoy a get-away any time of year or make this your special residence. Formerly an all-inclusive restaurant, inn and bar & grill. Catch the Lake Superior breeze with this chalet style four room inn, bar, restaurant and separate tiki bar & grill. The warm character of the exterior extends inside to the bar area with a cozy brick fireplace and pellet stove. Wooden bar and wood beams on the ceiling add to the home-like atmosphere.

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