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Westside Motor Inn 407 W 1st Ave 11 Room Hotel Ritzville, WA 99169 $469,000 ($42,636/Room) 12.05% Cap Rate
INVESTMENT HIGHLIGHTS
- Near downtown Ritzville
- Remodeled Units
- Eastern Washington Hub
EXECUTIVE SUMMARY
Investment opportunity in the bustling town of Ritzville! Motel built in 1950 has been mostly remodeled with 8 studio apartments, one 1-bedroom unit with a full kitchen, two 2-bedroom units with a full kitchen, and a remodeled office space. New exterior paint, a coin-op laundry room was added and a brand new roof was installed in 2025. Each studio unit has its own bathroom, a hot plate, microwave, and a small fridge. There are two studio units that need to be remodeled with the potential for 11 total units of income.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $469,000 | Lot Size | 0.23 AC |
| Price Per Room | $42,636 | Building Size | 4,004 SF |
| Sale Type | Investment | No. Rooms | 11 |
| Cap Rate | 12.05% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2023 |
| Property Subtype | Hotel | Parking Ratio | 3.5/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C-2 - Commercial, Multi-Family | ||
| Price | $469,000 |
| Price Per Room | $42,636 |
| Sale Type | Investment |
| Cap Rate | 12.05% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,004 SF |
| No. Rooms | 11 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2023 |
| Parking Ratio | 3.5/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 - Commercial, Multi-Family |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 3 | $132.00 | - |
| Guest Room | 8 | $82.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 1935230502401 | Total Assessment | $238,400 (2024) |
| Land Assessment | $13,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $224,900 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
1935230502401
Land Assessment
$13,500 (2024)
Improvements Assessment
$224,900 (2024)
Total Assessment
$238,400 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Westside Motor Inn | 407 W 1st Ave
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