1508 Sunday Road, Hico, WV
Resort for Sale - $3,800,000 - 20,000 Sq. Ft. on 109 acres
Property Info
| CIMLS# | 917816 |
| Location 1508 Sunday Road Hico WV 25854 | |
| Updated | April 18th, 2017 |
| Type | Resort |
| Price | $3,800,000 |
| Building | 20,000 Sq. Ft. |
| Land | 109 acres |
Property Description
17 beautifully maintained log rental cabins fully furnished with H/T, kitchens, satellite TV, FP's, etc. ranging from 1 to 4 BR spread throughout a Appalachian hardwood forest with 70 + acres yet to be developed. Includes heating and cooling, public water and certified septics, all maintenance equipment and buildings and office. Situate in the heart of WV outdoor recreation country with emphasis on whitewater rafting industry - but located between 2 National Forests and Snow Ski Resorts. A seasoned income producer!
Located in the very heart of West Virginia's thriving outdoor recreation industry in Fayette County, WV, this property is ideally located to take advantage of: whitewater rafting and kayaking, mountain biking, rock climbing, zip lining, snow skiing and fishing float trips.
Financials
Gross Rent Multiplier = 7.84
Cap Rate = 5
Monthly rent as 1% of Price of Property indicates $4,226,300