Property Description

Fully Renovated Multi-Use Hospitality & Residential Investment Opportunity (owner financing available call for terms)Exceptional income-producing hospitality and residential investment opportunity consisting of two separate parcels(208/216 Ridgewood) featuring a fully renovated motel/hotel operation, three residential homes, and multiple additional cabin-style units. The property has undergone an extensive renovation, with improvements including new roofs, new HVAC systems, new flooring, fresh interior and exterior paint, updated finishes, and more. The renovation has recently been completed, and the property is not currently occupied by new tenants.The hospitality component offers a versatile mix of units, including two 2-bedroom/2-bath units, three additional 2-bedroom/2-bath units, and fourteen 1-bedroom/1-bath units. In addition, there are two detached cabin-style units, including two 1-bedroom units sharing a kitchen and bathroom, as well as another detached with two 1-bedroom/ 1-bath cabin-style unit with a full kitchen.The residential component includes three separate homes. The first is a 2-bedroom, 2-bath home with a 2-car garage. While this residence has not been fully updated, it features a new roof and provides an opportunity for additional value through future improvements. The second home offers 5 bedrooms and 3 bathrooms and has been fully updated, including a new roof, new HVAC system, new flooring, and additional renovations. The third home features 7 bedrooms and 2 bathrooms and has also been fully renovated with a new roof, new HVAC system, new flooring, and additional improvements.The property provides 23 parking spaces, with the parking lot recently re-coated, plus substantial additional space that may provide opportunities for future parking expansion and/or additional growth, subject to applicable approvals. The property is fenced along the sides and rear, providing added privacy and security.With multiple residential and hospitality units, two separate parcels, extensive recent renovations, ample parking, and additional land for potential expansion, this property offers a unique opportunity for an investor seeking a diversified income-producing asset with significant improvements already completed.Property Highlights:Two separate parcelsFully renovated hospitality property3 residential homesMultiple cabin-style units23 existing parking spacesRecently recoated parking lotAdditional space for parking and potential growthNew roofs throughout the renovated propertiesNew HVAC systemsNew flooringInterior and exterior paintFenced along sides and rearRenovation recently completedCurrently occupied by new tenantsMultiple income-producing componentsPotential for future value-add opportunities