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Foreaker 210 Hartman Ave 5 Room Hotel Maupin, OR 97037 $695,000 ($139,000/Room) 7.19% Cap Rate
INVESTMENT HIGHLIGHTS
- large open plan common room with kitchen
- walking distance to river
- near recreation/commercial area
EXECUTIVE SUMMARY
Location, location, location doesn't begin to tell the story of this very unique property. River Run Lodge occupies an excellent location near the Deschutes River in East Maupin’s recreation/commercial area. It is near the Deschutes River bridge, just ½ block off of Hwy. 197. Perched on a hillside overlooking the river and canyon, the Lodge is within easy walking distance to the river, several restaurants, rafting businesses and the Maupin City Park. It has some features of a small hotel but offers the intimacy and functionality of a residence. It includes 6 self-contained sleeping rooms, each having private outside entrances and private bathrooms, along with two full kitchens and a ½ bath in the common room. One of the sleeping rooms is currently used as a storage room, but could easily be converted for rental, with municipal approval. There is a large (700 sf +/-) common room downstairs, which includes a kitchen, dining area and living room/lounge area, with an open floor plan. Off the kitchen is a 150 +/- sf laundry room, including two sets of washers and dryers, a folding table, a double laundry sink and shelving for storage of linens and lodge supplies.
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 5 | $115.00 | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $249,924 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$249,924
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Foreaker | 210 Hartman Ave
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