SOLD - Short Sale - Minerals Resort Hotel and Spa - Vernon Vacation or Ski Condo - Income-Producing Sussex County NJ real estate for sale

This unit sold on May 20, 2010 for $30,000.

Update February 8, 2010 - This Minerals Resort condo in Vernon NJ went under contract last week. There are still other vacation properties for sale around Great Gorge Village and Mountain Creek, so let me know if you'd like information about some of the options available to you!

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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

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, 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 NJ Vacation Homes & Resort Properties for Sale or just enjoy the video on this Minerals Hotel preforeclosure condo:

Hotel Condos for Sale – Considering buying at the Appalachian Hotel, Minerals Resort, Black Creek Sanctuary or Grand Cascades Lodge at Crystal Springs? January 2011

Rental Income at Hotel Condos in NJ Vacation Areas: the Appalachian Hotel, Minerals Resort, Black Creek Sanctuary or Grand Cascades Lodge at Crystal Springs January 2011

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