Property Description
The Ocean Cove Inn is a great little vacation rental motel in the amazing Yachats community. This group of nine well decorated, ocean-view rooms boast large windows, hardwood floors, and a great central location. Each unit sleeps at least two guests (a couple sleep four), and all have at least a small sitting area with TVs, cable, and WiFi, while some have sofas and full kitchens! There is outdoor seating on a deck out front with gorgeous ocean views! Close to everything in Yachats, including nearby, a bluff trail runs through town with amazing ocean views. This vacation rental is turnkey managed and being sold in full operational order. The property is being offered at a 6% capitalization rate with an owner projected potential 10% cap rate.
- Status Active
- City Yachats
- County Lincoln
- State Oregon
- Major Area Yachats
- Subdivision NA
- Parcel Number 141226CB-5900-00
- U.S. Highway 101 East Side
- Property Type Multi-Dwelling
- Style Traditional
- Primary View Ocean
- Bedrooms 9
- Bathrooms 9
- Basement No
- Heating/Cooling Other - Cooling, Other - Heat
- Garage Type None
- Parking Spaces 11
- Street Surface Paved
- Roof Other
- Siding Other
- Foundation Other
- Total Square Feet 1,812
- Year Built 1990
- Lot Acres 0.32
- Frontage Highway
- Zoning C-1 Commercial
- Water Public
- Sewer Public
- Electric On Property
- Gas None
- Bank/Lender Owned No
- Seller's Terms 1031, Cash, Submit
- Price $2,200,000
- Taxes $7,278
- Tax Year 2019
- MLS Number 20-2245
- Phone Number (541) 961-6688
- Directions Highway 101 to Yachats. East on Prospect in the South part of Yachats, to the property.
- Cross Street E. 2nd St.
Vacasa Real Estate LLC is the listing office. Call Doretta Smith at (541) 961-6688 to see this property or obtain more information.
