Listed by Keller Williams Sunset Corridor - Coast Life
$1,699,000
The Blue Octopus
Details
APN 14512
Property Type Hospitality
Sub Type Hotel
Square Footage 3,205
Units 6
Cap Rate 8.47%
NOI $143,968
Year Built 1922
Buildings 4
Stories 2
Acreage 0.120
Zoning RK-R-R
Parking Spaces 7 spaces
Parking Per SqFt 2.18
Sale Condition For sale by owner
Boutique Rockaway Beach Hotel
Marketing description
Nestled in the heart of Rockaway Beach, Oregon, The Blue Octopus is a thriving 6 unit boutique hotel offering a collection of charming, retro-inspired cottages just off the beach and great NOI. With ocean views and beach access right outside your door, this profitable property presents an incredible investment opportunity. Bright, clean, and cozy, each unit provides a comfortable retreat with unique decor that keeps guests returning time and again. Experience the perfect blend of comfort, charm, and coastal beauty at The Blue Octopus—your home away from home in Rockaway Beach and a lucrative business venture.
Investment highlights
Listing Contacts
Listed by Keller Williams Sunset Corridor - Coast Life
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,968.00
$11,997.33/mo
Valuation Metrics
0
DSCR
8.47%
Cap Rate
8.47%
ROI
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