In Contract – Seller will consider back-up offers only
Popular Resort Area in Washington
Located on the Washington Pacific Coast, the Quality Inn Ocean Shores offers excellent economy coastal accommodations. Centrally located downtown within walking distance of: the Ocean Shores Convention Center, popular restaurants, area attractions, unique shops, horseback riding, bowling, bikes, mopeds, kite flying, fishing and canoeing. With 62 well-appointed rooms each traveler has options from Jacuzzi suites and ocean view to adjoining and standard rooms. Quality Inn Ocean Shores offers a heated indoor pool and Jacuzzi as well as onsite miniature golf for guests to enjoy. Additionally, the property offers a private meeting room with a beautiful mural and amenities such as a full kitchen and convenient in and out parking just steps from the meeting room entrance.
The property has an assumable SBA loan running through 2032, fixed rate at 4.1% interest, in an amount of approximately $973,000. Monthly payments are $7,409 with about $4,100 per month applying to principal pay down.
Special Property Features Include:
- Interior Corridor
- Mini-Golf On-site
Location: Coastal, WA
City: Ocean Shores
Type: Select Service
Cap Rate: 12.4%
ROI/Cash Flow: 33%