IN CONTRACT – THIS PROPERTY IS CURRENTLY IN CONTRACT, THE SELLER WILL CONSIDER OFFERS IN BACKUP POSITION ONLY.
High Cash Flow Management Business and Property in Resort Destination
Well-established, high cash flow vacation rental management business – management contracts, business assets, and 2 Duplexes (4 units) are conveyed with this listing! Turn-key business opportunity in sought after Oregon Coastal location just in time for Summer revenue. Existing business currently has 18 rental property contracts, essential vendor relationships for on-going maintenance and housekeeping. Properties include a wide variety of coastal access and beach locations, all with proximity to world-class golf, and historic beachside Bandon, Oregon.
Duplexes are approved for short-term rental and currently rented separately. Use one as a residence or keep in the rental pool for additional income.
Duplex A
Unit 1: 3 Bedroom / 2 Bathroom
Unit 2: 2 Bedroom / 2 Bathroom
Connected by a Garage/Shop/Utility
Duplex B
Unit 3: 3 Bedroom / 2 Bathroom
Unit 4: 2 Bedroom / 2 Bathroom
Connected by a Garage/Shop/Utility
Bandon attracts a wide variety of visitors and boasts year-round demand drivers. Excellent opportunity for management savvy investor to update and streamline with little to no overhead costs for even greater ROI.
Location: Bandon Dunes world famous golf resort attracts visitors year-round from around the world. Bandon-by-the-sea is a small, charming coastal town. Its sights and shops are almost all within walking distance of the renovated Old Town section, which makes it the perfect place for strolling, shopping and dining while you’re on holiday. The Old Town area is just off Highway 101 and includes a collection of art galleries, curio shops, restaurants, and the local Chamber of Commerce. Old Town is located right next to the boat basin, so it’s easy to walk down to the basin for a breathtaking ocean view.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer registration. Please call with questions regarding this requirement.
Special Property Features Include:
- Extremely Strong Financials & High Cash Flow
- Bandon Dunes Attracts Year-Round Clientele
- Outstanding Flexibility For Operator
- Bandon Dunes Expansion For Future Upside
- SBA Financing Available For Qualified Buyer
- Local Airport with Direct Flights = Easy Access
Property Details
Keys: 22
Location: Coast
City: Bandon
State: OR
ZIP: 97411
Type: Independent, Management Business
Cap Rate: 10.66%
GRRM: 3.09
ROI/Cash Flow: 24.56%
Financing: New
Additional Features:
Beach Access, Beachfront, Ocean views, Oceanfront, Coastal, Management
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