1310 N Pacific Avenue, Long Beach, WA 98631
- $995,000
Listing courtesy of Key Results Real Estate. Selling Office: Windermere Community Realty.
- Sold Price
- $995,000
- List Price
- $1,250,000
- Status
- SOLD
- MLS#
- 2234864
- Closing Date
- Aug 23, 2024
- Days on Market
- 27
- Annual Tax Ammount
- 5306.72
Property Description
Build your investment portfolio with this well situated RV park in desirable Long Beach! Rosemont Terrace offers 6 cabins, a 2 bedroom updated house, 25 RV spaces, an office, storage room, restrooms w/ showers, and a coin-op laundry room with new machines. This charming park has a great mix of monthly renters and short stay units making it a well-rounded income earner! Three of the cabins have been substantially renovated and bring steady, year-round guests from Airbnb, as well as three of the RV spaces. Hard work has been invested by the owners for good tenant/landlord relationships w/ monthly renters. Step into their success and build on it! Just a few hundred feet from beach access & blocks to the downtown core. Don't sleep on this one!
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Additional Information
- Community
- Long Beach
- Building Condition
- Good
- Style
- 76 - RV Park
- Year Built
- 1000
- # of Assigned Spaces
- 25
- Roof
- Composition, Torch Down
- Tax Year
- 2023
- Potential Terms
- Cash Out, Conventional, See Remarks
- Flooring
- See Remarks, Vinyl Plank
- Driving Directions
- From downtown Long Beach head North on Pacific Ave, just past 13th Street on right. Rosemont Terrace.
- Electric Expenses
- 21552
- Other Expenses
- 46640
- Energy Source
- Electric
- Net Operating Income
- $126,070
- Gross Scheduled Income
- $224,161
- Water/Sewer/Garbage Expenses
- $20,578
- Cap Rate
- 10
- Total Expenses
- $98,091
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.