9976-9990 Gappa Rd, Ray, MN 56669

This exceptional Minnesota resort, situated on Lake Kabetogama with direct access to Voyageurs National Park, presents a lucrative investment opportunity. The property encompasses 21.21 acres and includes 21 buildings, offering 21 units, 34 RV sites, and 30 docks. The resort boasts 20,000 square feet of space, currently operating May through November. Financials are available upon execution of a Non-Disclosure Agreement (NDA) and proof of funds. The asking price is $3,000,000, representing $150 per square foot and $142,857.14 per unit. The property features a 10.21% cap rate based on 2023 net income. The resort is an owner-operator business with significant potential for expansion due to over 9 acres of undeveloped land. This allows for the addition of RV spaces, cabins, boat storage, and other amenities. The property's Class A designation reflects its high quality and potential for continued success. The resort also includes a fleet of 11 boats. This turnkey operation offers immediate income and substantial upside potential for a discerning investor. The property's APN numbers are 402001001711, 402001001717, 402001001712, 402001001715, and 402001001730. Located at 9976-9990 Gappa Road, Kabetogama, MN 56669.