118 Miller Street, Electric City, WA 99123
- $10,000,000
Listing courtesy of eXp Realty.
- List Price
- $10,000,000
- Status
- ACTIVE
- MLS#
- 2561381
- Days on Market
- 0
Property Description
RARE BANKS LAKE INVESTMENT PORTFOLIO! The Sky Deck Motel and nearby apartment property present an exceptional opportunity to acquire two established, high income producing properties in one of Eastern Washington’s most desirable recreation destinations. Purchase the entire portfolio or explore the opportunity to acquire either property individually. Situated directly on Banks Lake, the Sky Deck Motel features 21 guest rooms, lake access and an outdoor swimming pool that set it apart in the local hospitality market. Its waterfront setting, established operation and potential for continued growth create a truly unique investment opportunity. Located nearby on a separate parcel, the fully occupied apartment property provides dependable residential rental income and includes a desirable mix of one and two bedroom units. Together, the properties offer diversified revenue from both short term hospitality and long term residential rentals. Purchase one for a strong standalone investment or acquire both to create a rare, diversified portfolio with outstanding income and future potential.
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Additional Information
- Community
- Electric City
- Style
- 64 - Hotel/Motel
- Year Built
- 1954
- Waterfront
- Yes
- Waterfront Description
- Low Bank, Beach Rights
- Potential Terms
- Cash, Conventional, Owner Will Carry
- Flooring
- Ceramic Tile, Hardwood, Laminate, Carpet
- Driving Directions
- Maps is accurate.
- Energy Source
- Electric
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.