Bandon OR Multi Family for Sale
$1,800,000
1175 2ND St Unit 1175 Bandon, OR 97411
- Type:
- Multi-Family
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 1.13 Acres
- Year built:
- 1949
- Baths:
- MLS#:
- 24393653
View additional info
Courtesy: Pacific Properties
541-269-5263
ADDITIONAL INFORMATION
UPDATED & REBRANDED IN 2022, this STYLISH Boutique Motel & RV Park is a TURNKEY, PROFITABLE operation that’s immaculately maintained & ready for new ownership. The b.side motel+rv features 10 UNIQUELY CURATED rooms (each w/its own private bath), offering a perfect blend of MODERN & VINTAGE style. Guests enjoy COMFORTABLE, CLEAN accommodations with PREMIUM mattresses, high-end linens, REFRIGERATORS, MICROWAVES, TVS, & HIGH-SPEED WIFI. A recently UPDATED manager’s unit includes 2 spacious bedrooms, 2 baths, & a full kitchen, ideal for an ON-SITE MANAGER or as an additional RENTAL OPPORTUNITY. A fully equipped housekeeping facility behind the motel ensures smooth daily operations. The RV PARK offers a serene, welcoming ambiance w/GORGEOUS LIGHTING, lush GREENERY, & SAFE, peaceful accommodations. There are 8 RV spaces that accommodate rigs ranging from 21-38ft, each offering FULL HOOKUPS, including SEWAGE & WATER. Additionally, there are 2 tent/car camping sites & 2 private, guest-only RV bathrooms w/COIN-OPERATED laundry. This property is the only 100% DOG-FRIENDLY motel in Bandon, offering additional revenue opportunities. Surrounded by tall trees, the grounds feature inviting OUTDOOR SPACES for guests. Conveniently located near Old Town Bandon, the beach, & world-renowned Bandon Dunes Golf Resort. An AUTOMATED, SECURE SELF-CHECK-IN SYSTEM eliminates the need for full-time on-site management, while the ONLINE BOOKINGS system ensures a low-friction guest experience. A growing SOCIAL MEDIA PRESENCE & website build guest loyalty, & TECHNOLOGY UPGRADES enhance efficiency & access to VALUABLE CUSTOMER DATA. Since rebranding, occupancy & revenue have SIGNIFICANTLY INCREASED, & the property boasts EXCELLENT REVIEWS, being the highest-rated motel in Bandon on Google. This IMPECCABLE OPPORTUNITY offers an 8.4% CAP RATE based on the list price of $1,800,000, with all marketing, guest management, housekeeping, maintenance, furnishings & equipment included.
Bandon Real Estate
The median home value in Bandon, OR is $404,000. This is higher than the county median home value of $314,100. The national median home value is $338,100. The average price of homes sold in Bandon, OR is $404,000. Approximately 46.24% of Bandon homes are owned, compared to 32.21% rented, while 21.56% are vacant. Bandon real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Bandon real estate agent to arrange a tour today!
Bandon, Oregon has a population of 3,285. Bandon is more family-centric than the surrounding county with 28.95% of the households containing married families with children. The county average for households married with children is 22.53%.
The median household income in Bandon, Oregon is $36,875. The median household income for the surrounding county is $52,548 compared to the national median of $69,021. The median age of people living in Bandon is 56.1 years.
Bandon Weather
The average high temperature in July is 68.4 degrees, with an average low temperature in January of 39.5 degrees. The average rainfall is approximately 61.5 inches per year, with 0.1 inches of snow per year.