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$1,490,000
Est. payment /mo
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 287813
HOA Y/N No
Year Built 1949
Annual Tax Amount $2,075
Lot Size 8,712 Sqft
Acres 0.2
Property Description
MLS# 287813 Located on 0.2 acres in Colfax, WA, this 9,250 sq. ft. hotel offers 20units, including 13 one-bed units, 5 two-bed units, 1 furnished apartment, and 1 unfurnished apartment. Built in 1949 with new flooring, the property also includes an office, laundry room and four storage closets. Its prime location is 30-minutes from Washington State University, the University of Idaho, and the regional airport, drawing steady demand year-round. From college football games and parent weekends to festivals and community events like the Lentil Festival, the area provides a constant flow of activity. With a long history of both short- and long-term tenants, this property is a reliable and versatile investment in a thriving college-town community. If you are looking to owner operate this property quickly turns into a cap rate of 10%!
Location
State WA
County Us
Interior
Inclusions All Furniture And Appliances
Exterior
Parking Features 0 - 10 Spaces, Parking/10+ Spaces
Street Surface Paved
Building
Water Public
Others
Acceptable Financing Exclusive Right
Listing Terms Exclusive Right
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Listed by KW Palouse
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