5088 Highway 38 Olin, IA 52320 Land - Residential

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Description

Located just outside Olin, Iowa, this 12-acre m/l campground offers a unique combination of recreational enjoyment and investment potential. Conveniently located along Highway 38 and directly adjacent to the Wapsipinicon River, the property offers opportunities for boating, kayaking, fishing, swimming, and wading. A large sandbar provides an ideal spot for enjoying the water, while scenic river views enhance the setting. The campground features 19 electrical hook-up sites plus additional satellite electrical plug-in locations, a full-hook-up site for an owner-operator, and a large open green space for tent camping, recreation, or future improvements. The open area would also make an excellent venue for outdoor events or live music with views overlooking the river. More than 50 inner tubes and 20 canoes are included with the property, providing an excellent opportunity for additional rental income. For the outdoor enthusiast, the property could also serve as a hunting and recreational farm. The open ground offers opportunities for food plots, while the river frontage creates a natural travel corridor for deer and other wildlife. Whether continuing the campground operation or expanding its recreational offerings, this property offers established infrastructure, river frontage, versatility, and income potential.

Property Highlights

Property Type: Land - Residential
Total Acres: 12.22 Acres

General Information

County: Jones
Listed By:
Whitetail Properties Real Estate, LLC 217-285-9000
No Coast MLS
$275,000
Est. $1,856/mo
Active
LOT SIZE 12.220 acres MLS#6341584
STATUS PROPERTY TYPELand - Residential

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5088 Highway 38, Olin, IA 52320.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $275,000$275,000$275,000
Down Payment $55,000$9,625$68,750
Monthly Mortgage Amount $1,373$1,685$1,713
Taxes $383$383$383
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$121$0
Monthly Estimated Total $1,856$2,289$2,196

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