I am pleased to present this investment opportunity on a cabin and banquet rental property. Located just outside Galion, Ohio, this property includes five cabins, with three adjoining and two freestanding. The cabins show well and are currently fully furnished and rent ready. A banquet facility, which has currently been booked for weddings every Saturday from March until October 2015, also sits on the property. This space has been utilized for a number of uses, including weddings, corporate retreats, reunions, and parties. This property also includes tillable acreage, currently being rented out, as well as, wooded acreage including well-maintained, marked hiking trails. Currently, the owner-operators live in the ranch style 3 BR 2 BA home at the front of the property. This residential structure is included with the cabin business and land. Sales Info: ■ Commision split: 3.0% Location Description: This property sits on SR 288, just east of SR 19/Williamsport-Galion Road. It is near Galion, Ohio. County of Morrow. Highlights: ■ Investment cabin and banquet property ■ 11% CAP Rate ■ 5 total rent-able cabins and banquet hall ■ Cabins renovated by current owners ■ Banquet facility currently fully booked for Saturday weddings March through October 2015 ■ Tillable and wooded acreage with property « show less
I am pleased to present this investment opportunity on a cabin and banquet rental property. Located just outside Galion, Ohio, this property... show more »
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