22 fully furnished cabins located on 3.0 acres of waterfront property with over 800 feet of frontage on Lake Conroe. A total of 42 cabins can be built on the site. The current improvements are participating in a vacation rental program with annual and bi-annual interval unit sales.

Location Description:

With over 800 feet of waterfront on Lake Conroe, Fisherman's Cove Lakeside Resort's 22 fully furnished cabins are nestled on a gently sloping 3 acre site affording spectacular and serene views across the water toward one of the few remaining undisturbed and undeveloped waterfront areas lying on the opposite shore. Easily accessible from Interstate Highway 45, the location is within minutes of all of the conveniences of typical suburban amenities. The best of both worlds.

Highlights:

>> Waterfront location on secluded Lake Conroe cove.

>> Easy access to major freeway, shopping and all lifestyle amenities.

>> Short drive major employment centers and entertainment venues.

>> All the benefits of a major city, Houston, nearby when desired.

>> Houston offers access to all four performing arts: theater, ballet, opera and symphony.

>> Houston offers access to sports teams in all four major leagues: football, basketball, ice hockey and baseball.

>> Full-time professional sales and property management team in place.

>> Flexible future investment timeline for expansion.

>> Outstanding current financial returns with opportunity to generate significantly higher future returns.

>> New/recent construction of all improvements.

>> Conversion to public sewer/wastewater system underway.

>> Attractive high-quality finishes on all improvements.

>> Highly appealing project aesthetics for pride of ownership.

>> One-of-a-kind property acquisition opportunity.

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Sales Info:

>> Cap rate: 20.0%

>> Commision split: 50.0%

>> NOI: $877632