686 Ocean Shores Boulevard NW, Ocean Shores, WA 98569
- $2,445,000
Listing courtesy of Torre Realty.
- List Price
- $2,445,000
- Status
- ACTIVE
- MLS#
- 2255736
- Price Change
- ▼ $5,000 1770339420
- Days on Market
- 762
- Annual Tax Ammount
- 5624.78
- Internet Provider
- Coast Communications
Property Description
Exceptional Investment Opportunity: Wanderlust Inn, a prime 16-room hotel located just a block from the beach in the heart of Ocean Shores. This recently remodeled property features 13 stylish hotel rooms and 3 luxurious suites with full kitchens and high-end amenities such as a pool table, 70" TV, and a jetted tub. With excellent reviews and established operations, it’s a turnkey business ready for you to step in and succeed.It includes top of the line security system and a state-of-the-art brand new commercial laundry room with UniMac equipment (10 machines) valued at over $350,000, capable of servicing 50+ rooms daily. Don’t miss your chance to own this thriving business in a sought-after destination!possible seller financing at 50% down
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Additional Information
- Community
- Ocean Shores
- Building Condition
- Good
- Style
- 64 - Hotel/Motel
- Year Built
- 1965
- # of Assigned Spaces
- 20
- Roof
- Metal
- Tax Year
- 2023
- Potential Terms
- Conventional, Owner Financing
- Flooring
- Laminate
- Driving Directions
- Follow Ocean Shores Blvd S, property is on the left side
- Electric Expenses
- 15130
- Other Expenses
- 351930
- Energy Source
- Electric
- Net Operating Income
- $151,140
- Gross Adjusted Income
- $548,763
- Gross Scheduled Income
- $548,763
- Water/Sewer/Garbage Expenses
- $21,700
- Cap Rate
- 8
- Vacancy Rate
- 35
- Total Expenses
- $397,623
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.