Property Listing No Longer Available for Sale

227 Lovers Ln, Elizabethton, TN

Others for Sale - $899,000


Property Info

CIMLS#1082426
Location
  227 Lovers Ln
  Elizabethton TN 37643
UpdatedJuly 1st, 2021
TypeOthers
Price$899,000

Property Description

This is a dream investment on one of the best trout fishing rivers east of the Mississippi! Own your own campground right on the Watauga River and make money while you enjoy the lakes, mountains, rivers and the breathtaking scenery of North East Tennessee. This camp ground stays full year-round with 35 full-service RV sites. There is an office that also houses 2 full bath rooms and a coin laundry facility. There is a 2-story building that contains a 1-bedroom apartment upstairs that rents for $800 per month! Downstairs is a large common area with a pool table, large tv and vending machines for the campers to use. With less than a 5% vacancy rate and lots renting for $500.00 per month this thing makes money! All sites have their own electric meters, water hook up, sewage hook up and parking. This campground was laid out very well, has low operating costs and fantastic income!! Although set up as a campground, most of the campers have been there long term... most several years!! This section of the Watauga river's water level is controlled by TVA and is below the Watauga Dam and Watauga Lake (one of the top 10 cleanest lakes in the country). This is called a ''tail water'' below the dam and the water remains very cold all year long so the fish thrive! Buyer/Buyers Agent to verify all info.


Financials



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