Minerals Resort Hotel and Spa - Vernon Vacation Condo - Short Sale of Income-Producing Sussex County NJ real estate

This pre-foreclosure vacation condo at Minerals Resort Hotel and Spa in Vernon NJ is listed for sale at just $36000. Minerals Resort is within the Great Gorge Village compound, nestled at the Mountain Creek ski slopes and home of the acclaimed Minerals Golf Course. Sussex County NJ is also a golf paradise with may other local golf courses - Crystal Springs, Ballyowen, Wild Turkey, Great Gorge, Cascades and Black Bear. Street address is 2 Chamonix Drive, Vernon, NJ.

Income Potential through Minerals Resort's optional condo Rental Pool

Just today the current owner shared his rental statistics, which show that his portion of the 2008 rental-pool income more than covered the annual taxes and maintenance fees on this Minerals Hotel vacation property! Based on his 2009 documentation, rentals of this Minerals Resort getaway condo in Vernon NJ appear equally robust this year. Of course, no guarantees can be made about future rentals, the management's apportionment of such income down the line, etc.

Moreover, you could opt not to have your Minerals Resort condo be part of the rental pool at all. Especially as this Vernon hotel-style condo is a Short Sale offered at just $36000, you may want to keep every weekend open for you, family, friends, employees, etc. Sussex County NJ is a year-round vacation destination, just about 50 miles from New York City.

Take a peek at my series on Sussex County NJ Vacation/Resort Properties for Sale or just enjoy the video on this Minerals Hotel preforeclosure condo:

Copyright © 2009, Irene Kennedy, all rights reserved. This blog post represents Irene's personal musings.

Irene Kennedy, who is a NJ real estate agent with Weichert, Realtors, lives in Sussex County & works from the Hamburg office. Her primary market includes: Augusta, Branchville, Crystal Springs, Frankford, Franklin, Hamburg, Hampton, Hardyston, Highland Lakes, Lake Mohawk, Newton, Ogdensburg, Scenic Lakes, Sparta, Stockholm, Sussex, Vernon, Wantage.