2291 Wa-141Trout Lake, WA 98650

Property Details for 2291 Wa-141

Year built

1995

Lot size

2.18 AC

Property size (Sq ft)

3,350 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a thriving 7-building, mixed-use property nestled on 2.18 acres in Trout Lake, WA. The property includes five meticulously maintained cabins, each offering modern amenities within a charming rustic setting. Features include cedar siding, blued pine interiors, kitchenettes (one with a full kitchen and laundry), bathrooms, and cozy propane fireplaces. Outdoor amenities boast lush lawns, gardens, a community fire pit, hammocks, a waterfall feature, a plumbed and wired hot tub area, and an in-ground sprinkler system. Breathtaking Mt. Adams views enhance the guest experience. A currently leased restaurant/lodge provides immediate rental income and potential for future expansion. The property enjoys strong year-round occupancy due to its proximity to various recreational activities and its convenient location near Portland and Seattle. Built in 1995 and renovated in 2022, this property offers 3,350 square feet, 30 parking spaces, and is zoned RR2. The asking price is $1,989,366, with a current NOI of $155,171 and a pro-forma NOI of $195,000, representing a 7.80% cap rate and a pro-forma cap rate of 9.80%. The property includes 8 beds and 5 keys. This turnkey operation offers significant upside potential through expansion, renovation, and increased marketing efforts. The property's location near major metropolitan areas ensures a steady stream of visitors. This is a rare chance to own a thriving income-producing property in the heart of the Pacific Northwest. APN: 06102353000500.

Location Insight

City

Trout Lake

County

Klickitat

State

Washington

Latitude

45.9865

Longitude

-121.515

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