La Collage Inn 609 E 1st Ave 12 Room Hotel Odessa, WA 99159 $650,000 ($54,167/Room)
EXECUTIVE SUMMARY
Presenting an exceptional investment opportunity in Odessa, WA. This charming 12-unit motel includes a fully attached home and office space in a 5,220 SF building. The 12 income-producing rooms range from 221-255 SF, with each featuring mini-fridges, microwaves, and coffee pots, and select rooms offering kitchenettes. The office is equipped with an on-demand gas water heater, private laundry, and 3 water pumps. The home boasts hardwood floors, baseboard heat, ceiling fans, and a fully equipped kitchen. Recent upgrades include a new roof and hot water heater (2023), and an updated electrical panel (2022). Potential for expansion with approved RV site permits. A rare hospitality opportunity in Odessa.
PROPERTY FACTS
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 12 | $68.00 | - |
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PROPERTY TAXES
| Parcel Number | 0507-002-001000 | Improvements Assessment | $160,000 |
| Land Assessment | $20,000 | Total Assessment | $180,000 |
