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Trout Lake Cozy Cabins 2291 Highway 141 5 Room Hotel Trout Lake, WA 98650 $2,663,026 CAD ($532,605 CAD/Room) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Proven Income with Room to Grow. Earning an 8–9% cap rate with minimal marketing. Built on word-of-mouth and strong reviews. More upside to be had.
- Turnkey & Low-Maintenance Operation Fully operational and thoughtfully set up to be mostly hands-off business.
- Room to Grow Potential to increase occupancy, add additional cabin, raise rates, or expand amenities like hot tubs, EV charging, recreation package.
- Prime Location for Year-Round Adventure Set in Trout Lake, WA, a four-season destination at the base of Mt. Adams—popular for recreation.
- Unique, Branded Experience Distinct "cozy cabin" identity that resonates with families, couples, and pet owners. Cabins are pet friendly.
- Property features Mt. Adams Views, Pizza Restaurant/Commercial building(leased), 5 Private cabins.
EXECUTIVE SUMMARY
If you are looking for a unique investment opportunity with rustic charm and modern comfort, look no further than the Trout Lake Cozy Cabins. This property features 5 well-maintained cabins nestled in the woods and a restaurant/lodge (currently leased out to Mt. Adams Pizza) on a 2.18 acre lot. The cabins exude charm and are very well-appointed featuring cedar siding, blued pine interior walls (milled from trees on the property), kitchenettes (Cabin #5 has a full kitchen and laundry), bathroom, and rustic propane fireplaces. The property features lush green lawns, gardens, a community firepit, hammocks, a waterfall feature, a plumbed and wired hot tub area, and in-ground sprinkler systems throughout. Guests enjoy the views of majestic Mt. Adams from their porch or exploring the immediate nearby attractions such as Mt. Adams wilderness, Gifford PinchotNational forest, hiking trails, waterfalls, ski trails, sno-parks,mountain lakes, fishing areas, and so much more. The cabins have a loyal customer base with many frequent returning guests and word-of-mouth referrals. The cabins are also beneficiaries of year-round demand driven by the seasonal recreational activities in the area. Whether you want to ski/snowmobile in the winter, fish in the spring, hike or swim in the summer, hunt in the fall, or just getaway and relax any time of the year,there is something for everyone in Trout Lake. The property also has great upside potential through expansion or renovation, advertising (very little advertising over the last 10 years and mostly referral based), as well as an ideal setting for hosting events such as weddings, retreats, or reunions. Within close proximity to Portland and Seattle (1.5 hrs from PDX), this is a rare opportunity to own a gem of income producing property and a piece of paradise in the Pacific Northwest. Seller prefers showings first prior to financials beings sent. Sellers of this property are licensed realtors in the state of Washington.
PROPERTY FACTS
| Price | $2,663,026 CAD | Lot Size | 2.18 AC |
| Price Per Room | $532,605 CAD | Building Size | 3,350 SF |
| Sale Type | Investment | No. Rooms | 5 |
| Cap Rate | 8.50% | No. Stories | 1 |
| Sale Condition | 1031 Exchange | Year Built/Renovated | 1995/2022 |
| Property Type | Hospitality | Parking Ratio | 7.46/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | RR2 - R-2 zoning with a county approved variance since late 1990's. It has been approved for the cabins and restaurant and transfers automatically. | ||
| Price | $2,663,026 CAD |
| Price Per Room | $532,605 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Sale Condition | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.18 AC |
| Building Size | 3,350 SF |
| No. Rooms | 5 |
| No. Stories | 1 |
| Year Built/Renovated | 1995/2022 |
| Parking Ratio | 7.46/1,000 SF |
| Corridor | Exterior |
| Zoning | RR2 - R-2 zoning with a county approved variance since late 1990's. It has been approved for the cabins and restaurant and transfers automatically. |
AMENITIES
- Restaurant
- Public Access Wifi
- Smoke-Free
- Fiber Optic Internet
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 5 | $265.61 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 06102353000500 | Improvements Assessment | $370,574 CAD |
| Land Assessment | $269,794 CAD | Total Assessment | $640,369 CAD |
PROPERTY TAXES
Parcel Number
06102353000500
Land Assessment
$269,794 CAD
Improvements Assessment
$370,574 CAD
Total Assessment
$640,369 CAD
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Trout Lake Cozy Cabins | 2291 Highway 141
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