1757 SR 105, Grayland, WA 98547

$1,795,000
1,716
SqFt

Listing courtesy of Windermere R.E. Ocean Shores.

List Price
$1,795,000
Status
ACTIVE
MLS#
2125571
Days on Market
119
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
1,716
Area Total SqFt
1716
Annual Tax Ammount
5700
Lot Size (sq ft)
74,053
Sewer
Septic Tank

Property Description

Wow! What a great opportunity! 10 cottages within this small resort complex. 2 bedroom manager/owner apartment plus fire pit, play area and 2 large meeting/gathering rooms. Excellent location on main beach approach road. Short walk to beach. Great history with many happy returning guests. Flexible income... nightly to monthly rentals depending on season. Major improvements in past year include new septic system, electrical, flooring, furniture and decor. Possible expansion area. Many improvements over the past year. South Beach is growing in popularity. New golf course coming soon. Significant investments being made. Don't miss out on being part of this exciting future. Schedule a showing and discover this gem.

Additional Information

List Date
2023-06-01 19:48:11
Community
Grayland
Net Operating Income
$124,024
Gross Adjusted Income
$223,196
Gross Scheduled Income
$233,196
Total Monthly Income
$19,433
Insurance Expenses
$11,000
Water/Sewer/Garbage Expenses
$7,980
Gross Rent Multiplier
7.5
Total Expenses
$109,172
Cap Rate
7
Total Number of Units
1
Unit Name
1757
Potential Terms
Cash Out, Conventional
Year Built
1942
View
Territorial
Roof
Composition, Metal
Site Features
Outbuildings, RV Parking
Electric Expenses
16800
Other Expenses
67692
Energy Source
Electric
School District
Ocosta
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$19,433
Gross Scheduled Income
$233,196
Gross Adjusted Income
$223,196
Tax Year
2023
Insurance Expense
$11,000
W/S/G Expenses
$7,980
Total Expenses
$109,172
Net Operating Income
$124,024
Gross Rent Multiplier
7.5
Cap Rate
7
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