Property Description
8-unit building offering strong income potential and flexible operating strategies. Property is configured as hotel-style studios, each with a full bath and kitchenette, and was previously operated as overflow lodging for a nearby hotel. Units are separately metered for electric, allowing investors to operate as short-term or extended-stay lodging, or reposition as long-term rentals for stable cash flow. Features include high rent-per-square-foot potential, value-add upside, and ground-level parking with 8 spaces. Storage room on second floor is plumbed for laundry. First time on market; original owner with recent roof and major cap improvements completed. Convenient location with quick access to I-5 and Hwy 99, and close proximity to downtown, supporting strong and consistent rental demand.
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Anaccortes, WA 98221