20 Flat Acres on the Ohio River with 2 Homes

South Shore, Kentucky
annajohnsonre.c21.com/property/3429-johnson-lane
Add to Favorites
Property Type
Bed & Breakfast / Inn
Guest Rooms
10
Baths
4
Restaurant
No
Owners Quarters
Yes
Asking Price
$399,000

Occupancy Rate
35%
Average Daily Rate
NA
Gross Revenue
NA
Gross Revenue Multiplier
NA

Property Overview

This 20 flat acres on the Ohio River has many possibilities. Choose your living quarters while renting out the other as a B&B, an event venue, or a monthly rental. Included is a metal home built in 2019 & a brick colonial built in the late 1800’s. 10 minutes from grocery, restaurants, boutiques, and antiques stores. Less than an hour from Greenbo State Park and Shawnee State Forest. Within an hour of the Greater Portsmouth Area Regional Airport. Within 2-3 hours of airports in Cincinnati, Columbus, and Dayton, OH; Huntington, WV; Lexington and Louisville, KY.


Property Description

METAL HOME: 2,346 sq. ft., 5 bedrooms, 2 baths, master with double sinks, large shower, separate toiletry, walk-in closet, changing room with built-in shelves; laundry room with utility closet, recessed ironing board and shelving; garage has plenty of space for 2 vehicles, a basketball hoop, and recessed lighting; 14' covered patio on the front, and 10' rear patio for enjoying the river views. BRICK COLONIAL: 3,528 sq. ft., 5+ bedrooms, 1.5 baths, 10 rooms, a dining room, 3 separate living areas, 9 fireplaces, original hardwoods, updated electrical, HVAC, windows, and septic.


Business Description

This property is not currently operating as a B&B or a business. One home is currently rented. The occupancy rate is based on the local Airbnb average and the average night is $85.40 for the Airbnb's. The starting rate at the local Holiday Inn is $112 per night.


Reason for Selling

Sellers have already purchased another home closer to family.


Terms & Asking Price

Cash Conventional. Possession at closing.