Arbor Cabins at Lake Lure 2494 Memorial hwy

Opportunity to own one of the most charming lodging properties in Lake Lure. Just a stone's throw from the recently sold Lake Lure Inn & Spa, this picturesque 5-plex is perfect for multiple operations as a passive income generator. Whether you're looking for a bed & breakfast, additional rooms to add to your motel/hotel portfolio, apartment dwellings, or a sprawling private home with multiple living spaces...this property is priced right and ready to sell! Only one laundry facility currently in main house but there is room for a laundry facility. The property is made up of a 1930's main house with two bedrooms and two bathrooms. This quirky little place is absolutely adorable and has a flexible layout with a separate exterior entry from one of the bedrooms. The second unit is a cutesy crooked little cottage with fantastic colors and 1950s flair. Cabins 3-5 are identical, lavish little log cabins complete with private entry porches & secluded back patios each with hot tubs.
*Motivated seller, please bring all reasonable offers. Easy to show -- flexible seller. Seller has continued very attentive maintenance of the property, including a new Rinnai water heater in the main residence (yesterday), and repairing/replacing hot tub motors in recents weeks/months. Due to a recent lag in managerial focus, the rental reservations and rental income history are not favorable, but are picking back up. PLEASE DO NOT ASK for the rental records. There is a reason this property is listed far below market value and it is simply because of the lacking proof of income recently generated. Anyone familiar with the local and regional hospitality market and/or apartment market will be able to rationalize a reasonable purchase price.