Description
15.27% Cap and 48% cash return with SBA loan terms on most recent trailing twelve month Income and Expenses. Fantastic family-style resort property featuring a nice mix of 34 cabins, motel units and “chalet” condos plus meeting space, pool and spa, espresso bar and deli and mini-golf course. Owners/Managers quarters on-site. Modern amenities such as outfitted computer center in well maintained lodge setting surround by natural beauty. SBA loan reviewed and property approved for qualified buyer with 20% down. USDA suitable. Owners quarters on site not currently in use as residence but easily converted back to private living quarters.
Building and parcel sizes are approximate and to be confirmed by prospective purchaser. Please do not disturb owner or employees. Contact Crystal Investment Property to schedule tours.
Well situated near Wallowa Lake, the sky tram and the popular tourist community of Joseph in the area known as the Swiss Alps of Oregon. Excellent quality of life property.
Special Property Features Include:
- 15+% Cap Rate 15% or Better Cap Rate Every Year for the Past 4 years including Trailing Twelve!
- 47+% Cash Return after Proposed Debt Service
- Amazing Location Steps to Wallowa Lake
- Owner/Operator Quality of Life Property
- Well Run Currently with Room for Upside
- SBA and USDA financing
Property Details
Keys: 34
Location: Rural
City: Joseph
State: OR
ZIP: 97846
Type: Select Service, Independent
Cap Rate: 15%
GRRM:
ROI/Cash Flow:
Financing: SBA / USDA
Additional Features:
Golf / Mini-Golf, Lake / Lakefront, Owner / Manager Quarters, Pool / Spa
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