80 Blacks Beach Rd, Republic, WA
Resort for Sale - $1,250,000
Property Info
| CIMLS# | 18570 |
| Location 80 Blacks Beach Rd Republic WA | |
| Updated | December 5th, 2011 |
| Type | Resort |
| Price | $1,250,000 |
Property Description
Have you been dreaming of living on a lake and running a small resort? What about a youth camp, church camp or retreat? This is your dream come true. 12.8 acres of paradise on Curlew Lake. 2800 feet of shoreline. 13 rental units including cabins, duplexes and studios (5 units can be used year-round). Large groomed, grass RV park, 112 RV sites: 34 full service waterfront sites, 78 full service secondary waterfront sites, 9 waterfront tent sites (dry camp), office, store w/existing stock: groceries, tackle and gift shop, laundry mat, fishing boats, motors, moorage and fishing docks. Large grassy playground with swings, volleyball, basketball, tether ball and horseshoes plus other outbuildings. There are owner's living quarters (built in 1987), consisting of 1,400 sf, 4 bedrooms (mstr: 13' X 14', 12' X 13', 12' X 18', 9' X 11'), 2 bathrooms (mstr: 3/4, extra large shower), kitchen/dining area (16' X 20') w/JenAir range/oven, convection/regular oven, dishwasher, pantry & new Formica counter tops and living room. 1 car detached garage w/large shop area. Great fishing (Trout, Bass and Muskie) and hunting (Whitetail & Mule Deer, Grouse, Turkey, Geese & Duck).
Float planes allowed on lake.
Additional Information from the
Ferry County Planning Department (509-775-5209):
- Small tavern/pub/restaurant is okay
- Can apply for approval of storage units
- Sub-dividing okay into 2.5 acre lots
2011 INFORMATION
Gross Income (1 Jan - 30 Nov): 176,822
2010 INFORMATION
Gross Income: $199,077
Store Sales/Other Income: 24%
Cabins: 36%
RV Park: 40%
Annual Expenses
Insurance: $8,767
Utilities: $12,603
Miscellaneous: $24,635 - (Includes: Taxes and Licenses - $16,548;
Repairs and Maintenance - $3,646; Supplies - $4,441)
Cost of Goods Sold: $26,061
Approximate Net Income: $127,011 (Cap Rate: 10.2%)
2009 INFORMATION
Gross Income: $178,714
Store Sales/Other Income: 24%
Cabins: 34%
RV Park: 42%
Annual Expenses
Insurance: $9,096
Utilities: $11,844
Miscellaneous: $23,056 (Includes: Taxes and Licenses - $15,516; Repairs and Maintenance - $5,586; Supplies - $1,954)
Cost of Goods Sold: $23,048
Approximate Net Income: $109,572 (Cap Rate 8.8%)
Visit www.genesmith9.com/AlbumBlackBeach.htm for additional information and pictures.
Financials
2011 INFORMATION
Gross Income (1 Jan - 30 Nov): 176,822
2010 INFORMATION
Gross Income: $199,077
Store Sales/Other Income: 24%
Cabins: 36%
RV Park: 40%
Annual Expenses
Insurance: $8,767
Utilities: $12,603
Miscellaneous: $24,635 - (Includes: Taxes and Licenses - $16,548;
Repairs and Maintenance - $3,646; Supplies - $4,441)
Cost of Goods Sold: $26,061
Approximate Net Income: $127,011 (Cap Rate: 10.2%)
2009 INFORMATION
Gross Income: $178,714
Store Sales/Other Income: 24%
Cabins: 34%
RV Park: 42%
Annual Expenses
Insurance: $9,096
Utilities: $11,844
Miscellaneous: $23,056 (Includes: Taxes and Licenses - $15,516; Repairs and Maintenance - $5,586; Supplies - $1,954)
Cost of Goods Sold: $23,048
Approximate Net Income: $109,572 (Cap Rate 8.8%)