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812 Bridge St

4,000 SF Speciality Building Offered at £606,399 at a 23.23% Net Initial Yield in Clarkston, WA 99403

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Investment Highlights

Approved through many transitional housing programs
Value add opportunities

High visibility lot

Executive Summary

Discover the extraordinary Hacienda Motel, a wise investment choice with immense returns. This remarkable property features 13 rooms, with 7 already refurbished. The ongoing renovations extend to the exterior and the kitchen/common area, ensuring an impressive overall upgrade. Designed to serve as transitional housing for organizations like the Department of Corrections (DOC), HARPS, Goodwill, and QBH housing, the Hacienda Motel presents a unique opportunity. Each room accommodates two beds, generating a monthly rent of $700 per bed, resulting in a potential revenue of $1,400 per room. Fully operational, this exceptional property can generate an impressive annual gross income of $218k. With operating expenses around $36,000 annually, substantial profits and a robust cash flow are within reach. Maximizing room occupancy is key to unlocking its full potential. There is always substantial demand for this housing solution. Call today for further details!

Property Facts

Price	£606,399	Lot Size	0.21 AC
Price Per SF	£152	Building Size	4,000 SF
Sale Type	Investment	Number of Floors	2
Net Initial Yield	23.23%	Year Built	1956
Sale Conditions	Deferred Maintenance	Parking Ratio	3.5/1,000 SF
Property Type	Speciality	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Shelter

Price	£606,399
Price Per SF	£152
Sale Type	Investment
Net Initial Yield	23.23%
Sale Conditions	Deferred Maintenance
Property Type	Speciality
Property Subtype	Shelter
Lot Size	0.21 AC
Building Size	4,000 SF
Number of Floors	2
Year Built	1956
Parking Ratio	3.5/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.