Description
Excellent Revenue Potential! This is a rare opportunity to own a new 3-bed-2-bath 1,664 s.f. home (attached garage) with an unlimited Short Term Rental Permit (STR Type II), as well as a new 2-bed-1-bath 788 s.f. ADU (detached garage). The 12,000 square foot lot is excavated; the engineered site plan is approved; the construction permits are in hand; the application for a Whole House Rental (STR Type II) is approved. Have the finished product within 240 days of closing, in time to capture the lucrative 2023 holiday season. This is a great opportunity, as illustrated by this project's Cap Rate, which ranges from 7.13% to 7.87%, depending on the cost methodology (see attached analysis). Listing agent is an owner.
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5BEDS
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0.28ACRES
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3BATHS
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01/2 BATHS
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2,452SQFT
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$387$/SQFT
School Information
Description
Excellent Revenue Potential! This is a rare opportunity to own a new 3-bed-2-bath 1,664 s.f. home (attached garage) with an unlimited Short Term Rental Permit (STR Type II), as well as a new 2-bed-1-bath 788 s.f. ADU (detached garage). The 12,000 square foot lot is excavated; the engineered site plan is approved; the construction permits are in hand; the application for a Whole House Rental (STR Type II) is approved. Have the finished product within 240 days of closing, in time to capture the lucrative 2023 holiday season. This is a great opportunity, as illustrated by this project's Cap Rate, which ranges from 7.13% to 7.87%, depending on the cost methodology (see attached analysis). Listing agent is an owner.
© 2023 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Arends Realty Group | Cascade Sotheby's International Realty are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Arends Realty Group | Cascade Sotheby's International Realty. Data last updated: .2023-03-24T14:46:14.48