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335 Henderson Rd - Lake Chelan VRBO Investment 3,848 SF Hospitality Building Offered at $1,650,000 at a 5.45% Cap Rate in Chelan, WA 98816
EXECUTIVE SUMMARY
Wonderful estate or great continued VRBO investment (Owner financing possible)! Only currently rented 6 months out of the year. With additional renting hitting a Proforma Gross Income of $130,000, Net Income of $90,000 and a Cap Rate of 5.5% is highly achievable! Custom built 3848 sq. ft homes on 5.8 acres above Chelan with spectacular 180 degree views of Lake Chelan plus huge pool & large patio! Property features a main home, a 2nd home (Casita), 6 bedrooms, 3.5 baths, 2 separate garages, RV parking, wine cellar, professional landscaped 5.8 acres, and million dollar views. Drive down private drive to main home featuring A/C, high ceilings, upgraded kitchen, kitchen island with cooktop, large entertainment spaces plus lots of windows to view Lake Chelan and the private pool / deck area. The "private" 2nd home (Casita) has 2 bedrooms, and 1 bath (Casita also has 180 degree views of Lake Chelan). This estate has it all!
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,000
|
$33.78
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$40,000
|
$10.40
|
| Net Operating Income |
$90,000
|
$23.39
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $130,000 |
| Annual Per SF | $33.78 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $10.40 |
| Net Operating Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $23.39 |
PROPERTY FACTS
| Price | $1,650,000 | Lot Size | 5.80 AC |
| Price Per Room | $275,000 | Building Size | 3,848 SF |
| Sale Type | Investment | No. Rooms | 6 |
| Cap Rate | 5.45% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1997 |
| Price | $1,650,000 |
| Price Per Room | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5.45% |
| Property Type | Hospitality |
| Lot Size | 5.80 AC |
| Building Size | 3,848 SF |
| No. Rooms | 6 |
| No. Stories | 2 |
| Year Built | 1997 |
AMENITIES
- Outdoor Pool
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 6 | - | - |
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335 Henderson Rd - Lake Chelan VRBO Investment
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