Seller Financing Available

Asking Price:

$430,000

Gross Income:

N/A

Cash Flow:

N/A

EBITDA:

N/A

FF&E:

$250,000.00 *

Inventory:

N/A

Real Estate:

$650,000.00 *

Year Established:

1981

Employees:

N/A

Business Types:

Hotels & Other Lodging Places
Amusement & Recreation

* included in the asking price

Business Description

Located right in the heart of McCall, Idaho, this 3-story, fully furnished duplex is set up to accommodate short term, long term, or overnight guests. It is located only 2 blocks walking distance from the marina, the beach, and downtown McCall. The 3-story unit is set up to give an owner the choice of renting one or both floors as complete, self-contained units, accommodating long term rentals, which are in demand in the summer months. Some renters stay all summer and want total privacy. This first floor unit is a complete apartment with full kitchen, dining room, 2 bedrooms, full bath, living room, fireplace, patio area, and laundry located in the heated attached single-car garage. Bedrooms offer king and queen size beds. Second floor area could be used as owner residence/main living area with fireplace, large living room and eating area, and a large full bath. The large bedroom has a king size bed. Full-length windows across the front of the house gives you and your guests a filtered view of Payette Lake. The second floor is accessed either by an inside stairwell from the first floor (can be locked if total privacy is required between floors), or by any one of 3 outside doors that open to a very large deck that wraps around 2 sides of the house and is over 1,000 sq. ft. in size. The deck can accommodate as many people as one could want for outdoor breakfasts or BBQ's. The third floor has two bedrooms; one with a king size bed and private deck on the lakeside, and the second bedroom has two double beds. Both bedrooms share a full bath. The home has a total of 5 bedrooms with 3 kings, 1 queen, and 2 double beds, 3 full baths, 2 laundry's, 2 fireplaces, 2 full kitchens, and 2 water-heaters. There is plenty of parking in the front. This is a perfect business or rental property for a person or couple wanting to live in McCall and offer hospitality. Another possibility is to own it as an owner-occupied duplex. Owner is agent.

Detailed Information

Facilities:

Fully furnished 3-story, 5 bedroom, 3,800 sq. ft. floor space, 3 city lots, large parking area, and 1,000 sq. ft. outdoor deck.

Competition:

McCall, Idaho, a high-mountain resort community is located on beautiful Payette Lake; a large, deep, clear natural lake surrounded by Idaho's central mountains, and a mecca for all types of water sports. Winter months bring skiers and snowmobilers from all parts of the U.S. skiing Brundage Mountain and Tamarack, both only a few miles away. Winter snowfall exceeds 300 inches per year, putting these ski areas near the top on powder skiers' lists. Hundreds of miles of snowmobile trails surround the area.

Growth/Expansion:

The short and medium term rental market is in high demand 12 months of the year and brings an above average rent rate for weekend, 7-day, and monthly stays.

Financing:

Owner may consider carryback.

Reason Selling:

Divestiture