Great investment opportunity! Currently $190k in gross rental income (net of taxes and fees) on the books for 2021 with a projection of $225-240k for 2022. NOI of $124k and an 8.25% cap rate based on 2022 midpoint projection. Geronimo is located in the prestigious Pine Hill cabin development area and sits on the edge of a beautiful fishing pond. Geronimo is wonderfully spacious w/6 bedrooms, 4.5 bathrooms, a large game room, soaring ceiling with gable windows, outdoor kitchen w/bar, large balconies, fishing pier, playground, picnic tables, and so much more. You will find 2 spacious bedrooms downstairs both with private bathrooms. Up the stairway you will find a large loft overlooking the living room. There are 4 bedrooms and 2 bathrooms upstairs with access to the front balcony from the loft & the back balcony from 2 of the bedrooms. There are 4 decks at Geronimo, these decks are located at the front & the back of the cabin with a wide array of seating and gathering options. The downstairs back deck features an outdoor kitchen w/bar that overlooks the pond. Geronimo has an excellent rental history & surprisingly low utilities. This cabin is a must see for any investor.
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