$2,200,000
180 Prospect Ave
Yachats, OR 97498
MLS# 20-2245
9 beds  |  9 baths  |  1812 sqft


180 Prospect Ave, Yachats, OR 97498
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Property Description
The Ocean Cove Inn is a great little vacation rental motel in the amazing Yachats community. This group of nine well decorated, ocean-view rooms boast large windows, hardwood floors, and a great central location. Each unit sleeps at least two guests (a couple sleep four), and all have at least a small sitting area with TVs, cable, and WiFi, while some have sofas and full kitchens! There is outdoor seating on a deck out front with gorgeous ocean views! Close to everything in Yachats, including nearby, a bluff trail runs through town with amazing ocean views. This vacation rental is turnkey managed and being sold in full operational order. The property is being offered at a 6% capitalization rate with an owner projected potential 10% cap rate.

Details
Maps
Documents
Contract Information
Current Price: $2,200,000
List Price: $2,200,000
Begin Date: 2020-10-15
Listing Type: Exclusive Right To Sell
Bank/Lender Owned?: No
Short Sale: No
3rd Party Approval: No
General Property Description
Book Section: Multi-Dwelling
Major Area: Yachats
Minor Area: Yachats
Frontage: Highway
Primary View: Ocean
Secondary View: None
Total Bedrooms: 9
Total Bathrooms: 9
Levels: One and One Half
Total SqFt.: 1812
Year Built: 1990
# of Acres: 0.32
Style: Traditional
Basement: No
Garage Type: None
Association: No
CC&Rs: No
Location, Tax and Other Information
House Number: 180
Street Name: Prospect
Street Sfx: Ave
County: Lincoln
State/Province: OR
Postal Code: 97498
Property ID: R82292
Parcel Nbr: 141226CB-5900-00
Tax Map Number: 141226CB
Tax Lot: 5900
Taxes: 7278.07
Tax Year: 2019
Tax District: 328
Zoning: C-1 Commercial
Neighborhood Code: Y214
Subdivision: NA
Block: NA
Parcel/Lot: 141226CB05900
Hwy 101: East Side
Cross Street: E. 2nd St.
Directions: Highway 101 to Yachats. East on Prospect in the South part of Yachats, to the property.
Status Change Info
Status: Active
Miscellaneous
# Units: 9
Inclusions: Fully furnished
Sq Ft Per: County Assessor
Income
Gross Income: 294515
Expense
Expenses: 165468
Financials Available: Yes
External Features
Parking Spaces: 11
Property Features
Roof: Other
Siding: Other
Foundation: Other
Street Surface: Paved
Heating/Cooling: Other - Heat; Other - Cooling
Water: Public
Electric: On Property
Gas: None
Sewer: Public
Sellers Terms: 1031; Cash; Submit
Possession: Close Of Escrow

Listing Office: Vacasa Real Estate LLC

Last Updated: October - 27 - 2020

180 Prospect Ave, Yachats, OR 97498 - MLS# 20-2245

Information deemed reliable but not guaranteed.

Sunday 29th of November 2020 10:13 AM