400 Harbor Cove Lane

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400 Harbor Cove Lane

Murphy, NC 28906
Asking Price
$3.50M
Asset Type
Residential Mixed-use
Class
Class B

What's Special

Harbor Cove Marina - 60 Covered Boat Slips - 37.93 Acres With Lake Access Included <p>Rare opportunity on Lake Hiwassee to own a thriving full-service marina with unlimited potential! This successful waterfront marina features 60 covered boat slips, providing exceptional protection and convenience for boat owners. The property includes extensive dry storage for boats and trailers, a fuel pump station, and several rental boats that convey with the sale, creating multiple income streams from day one. Property has also been permitted for an additional 30 docks and floating store.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

Location & Travel Times