Bought with Metro Northwest Realty
$1,550,000
$1,695,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
8,030 SqFt
SOLD DATE : 04/05/2022
Key Details
Sold Price $1,550,000
Property Type Commercial
Sub Type Hotel Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 8,030 sqft
Price per Sqft $193
MLS Listing ID 21396276
Sold Date 04/05/22
Year Built 1927
Annual Tax Amount $5,014
Tax Year 2020
Lot Size 0.600 Acres
Property Description
Location, Location, Location! Excellent HWY 101 frontage, close to shopping, restaurants, the Port of Gold Beach, Rogue River, and the golden sandy beaches of the Pacific Ocean. 20 units w/100% occupancy, rented month to month. New roof, windows, & mostly remodeled, with 4 storage units and a coin-operated laundry room. Managers suite has 2 bedrooms with kitchen and family room. Solid CAP rate 7.89% with extreme growth opportunities.
Location
State OR
County Curry
Area _273
Zoning 4C
Interior
Heating Other
Equipment Fixtures, Furniture, SecuritySystem, SmokeDetector
Exterior
View Ocean, River
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
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