About This Home
This 0-bedroom, 0-bathroom residential multi family at 90 2nd Street in Asotin, WA is listed for $399,000 ($114 per sqft). Built in 1969, the home offers 3,513 sqft of living space on a 0.39 acres lot.
Key Features
- Built in 1969
- 0.39 acre lot
- 10 parking spaces
Property Details
Amenities
The Asotin Lodge! Cash cow investment property at a 10% CAP Rate with additional upside. Full renovation in the early 2000s, make this property clean and solid. 4 hotel rooms are new with kitchenettes are bringing in ~$22.9k NET annually leasing to traveling nurses.
Restaurant space is on a Triple-Net Lease at $2,730/month. THE UPSIDE --> Hotel rooms are only leveraged at approx 50% capacity because they are not being marketed. Landlord owns the restaurant kitchen trade fixtures, but tenant maintains them. Restaurant lease is up in Aug 2026, but option to extend.
Fuel tanks from the gas station are still available. They have been placed in inactive status, but the owners have kept up on all the state inspections and have protection equipment on them. Land to the West of the lodge is part of this parcel, and had been planned for RV Spaces or considered Jet Boat storage bays. Buyer to verify feasibility of the possibilities of the extra lot space and what would be required to re-activate fuel pumps.
Monthly Cost Estimate
$2,134/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
90 2nd Street
Asotin, WA 99402
0 Not Applic.
Property Details
Construction
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 90 2nd Street is listed at $399,000 ($114/sqft). The estimated monthly payment is $2,134 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1969, 0.39 acre lot, 10 parking spaces.
This property is listed by Levi Gibson and can be reached at 2083054519.