BEDS0
BATHS
SQUARE FEET3,513
MLS#98948809
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISION0 Not Applic
SCHOOLAsotin Anatone
Property Description
The Asotin Lodge! Cash cow investment property at a 10% CAP Rate with additional upside. Full renovation in the early 2000s, make this property clean and solid. 4 hotel rooms are new with kitchenettes are bringing in ~$22.9k NET annually leasing to traveling nurses. Restaurant space is on a Triple-Net Lease at $2,730/month. THE UPSIDE --> Hotel rooms are only leveraged at approx 50% capacity because they are not being marketed. Landlord owns the restaurant kitchen trade fixtures, but tenant maintains them. Restaurant lease is up in Aug 2026, but option to extend. Fuel tanks from the gas station are still available. They have been placed in inactive status, but the owners have kept up on all the state inspections and have protection equipment on them. Land to the West of the lodge is part of this parcel, and had been planned for RV Spaces or considered Jet Boat storage bays. Buyer to verify feasibility of the possibilities of the extra lot space and what would be required to re-activate fuel pumps.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Lot Size: 0.39 Acres
Taxes: $3,343
Year Built: 1969
Feature Descriptions
Construction Materials: Concrete, Log, Wood Siding
Days on Site: 329
Exterior: Concrete, Log, Wood
Lot Dimensions: 00x00
Parcel#: 10440000800010000
Units: 5
Utilities: Sewer Connected
Local Schools
High School: Asotin
Middle School: Asotin
Elementary School: Asotin
School District: Asotin Anatone
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Tomlinson Associates
Shown By
Agent Name: Jennifer Menegas
Agent Phone: (208) 791-9592
Estimate Your Payment
Estimated Payment
$ 1,282.96 per month $888.00 Principal & Interest $278.58 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
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90 2nd Street | MLS# 98948809
This multi-family property located at 90 2nd Street, Asotin, WA 99402 is currently listed for sale by Coldwell Banker Tomlinson Associates, with an asking price of $399,000. 2nd Street is located within the Asotin Anatone school district. Search Asotin real estate on jmenegas.cbquadcities.com today.