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The Riverwalk Inn is in the heart of downtown Lake Chelan, across the street from the Riverwalk Park with thousands of tourists attending a variety of events including a weekly farmers market, annual car shows, art fairs, wine and jazz festivals, earth day fairs and an annual winterfest celebration.
PROPERTY SUMMARY
Units: 13 at purchase, 15 post renovation
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Commercial: leased restaurant in main building
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Composition: 3 buildings, 5400 Rentable Sq Ft
Lot Size: 0.19 Acres, 8400 SqFt
Purchase Price: $1.8M
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Seller Financing: $1.2M (4.5% for 5-10y, 12m I/O)
Renovation + Furnishing Budget: $800K
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Value Adds through:
• Room renovations
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• Enhanced capacity
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• Restaurant optimization
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• Operational advances
INVESTOR DOCUMENTS
Anchor 1
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