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$225k - $250k income projected for 2016. Owners live off-site and work part time. This is a well-maintained, easy-to-run income producer... not like the rest. 6.3 Cap Rate... adjusting for value of buildable parcels, Cap Rate over 10 and growing!
Unique Oceanfront Investment Opportunity!
Located between Yachats & Waldport, Oregon on the beautiful Central Oregon Coast.
Stunning Oceanfront Development Property with Wonderful Income Producing Motel.
Charming Accommodations, Newly Renovated with Classic 50's Motor Lodge Look and Feel.
Rooms Have Gorgeous Ocean Views and Private Beach Access.
2 Cottages and Multiple Tax Lots Included in the Package.
Expand the Existing or Build Your Oceanfront Dream Homes... Possibilities are Endless!
Recreation Options at Best... Golf, Fish, Crab, Hunt or simply Relax & Enjoy.
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