625 Cr 544Eastland, TX 76448Price: $425,000

Are you looking for a strong investment opportunity with real cash-flow potential on Lake Leon in Eastland? This seven-acre waterfront property is already set up and operating with RV hookups, offering immediate income potential. The property features a three-bedroom, two-bath mobile home in solid condition that could shine with a little TLC. What truly sets this property apart is the expansive lake frontage, complete with a private boat ramp-making it ideal for both short-term and long-term rental use. Previously operated as a successful campground and restaurant, the groundwork is already in place for someone to step in and revive or reimagine the business. Buyers should note that the property is a leasehold estate, with approximately 37 years remaining on the current lease, after which ownership reverts to the underlying owner. However, there may be an opportunity to acquire the underlying interest with a strong offer. The annual lease payment is just 300 dollars, paid to the water department.