MLS# 24348525 – 284 Collins Rd, Westlake, OR 97493 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Pacific Properties.

Property Description

Description

Status: Pending

Year Built: 1928

Days on Website: 192

WELCOME TO PARADISE!! Pacific Properties is Pleased to Present to Qualified Buyers this Unique Opportunity to Purchase this Beautiful RV Park Resort in a Private & Secluded Location on 1.95 Pristine Acres, Perfectly Situated Along a Wind Protected and Sunny Point on Beautiful Siltcoos Lake. Ada Resort Store & RV Park Consists of a General Store, 2 Houses, 26 RV & Tent Sites with Hookups (property is approved for 62 sites), Recreational & Fish Cleaning Building, Large Manager House with Workshop, Boat Launch and Large Private Dock with Boat Slips. Short Term Tenancy Cabin is a Cute and Clean 2 Bedroom, 1 Bath with Bunk House Porch Featuring a Full Kitchen and Large Deck Overlooking the Lake, Fully Furnished and Nicely Appointed with Quaint Fixtures & Finishes. Long Term Tenants Stay in a Very Nice 2 Story Home with a Full Kitchen and a Nice Living Room with INCREDIBLE Lake Views and a Large Deck. Large Manager?s House is a 2 Bedroom, 1 Bath, a Large Living Area with Huge Windows for Breathtaking Lake Views, Featuring a Workshop and Bonus Room Below. Amazing Setting with Mature Landscaping Leading Down to the Private Boat Ramp and Dock. TRULY A ONCE IN A LIFETIME OPPORTUNITY to Purchase this Iconic Lakefront Resort and Restore it to its Former Glory. PRICED TO SELL!! Call Today for Your Private Tour...and MAKE SURE TO WATCH THE VIDEO/VIRTUAL TOUR LINK ON THIS PROPERTY!!

Property Details and Features

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

FullBasement,Unfinished

Building

Built in 1928

Storage:

Attached,Basement

Community

Community Features:

FrontYardLandscaping,Laundry,RecreationFacilities

Expenses

Operating Expense:

$5,000

Exterior Features

Exterior Description:

Other,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter

Water Features

Water Body Name:

Siltcoos Lake

Waterfront Features:

Lake

Waterfront Property

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

6.39

Gross Income:

$84,900

Gross Rent Multiplier:

14.72

Net Operating Income:

$79,900

Listing

Contract Status Change Date:

2024-09-23

Cumulative Days On Market:

132

Days On Market:

132

Last Transaction Date:

2024-09-23 20:19:02

List Price:

$1,250,000

Listing Contract Date:

2024-05-14

Listing Id:

24348525

Mls Status:

Pending

Modification Timestamp:

2024-11-22 07:56:29

Off Market Date:

2024-09-23

On Market Date:

2024-05-14

Previous List Price:

$1,499,000

Purchase Contract Date:

2024-09-23

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_265

County Or Parish:

Douglas

Lot

Features:

Private

Size Acres:

1.95

Size Range:

Acres1to3

Size Square Feet:

84,942

Size:

1 to 2.99 Acres

Parking

Features:

Guest,RVAccessParking

Property

Property Condition:

Approximately

Property View

Zoning:

C-M

Schools

High School:

Siuslaw

Middle Or Junior School:

Siuslaw

Elementary School:

Siuslaw

Sewer

Sewer:

StandardSeptic

Taxes

Annual Amount:

$780

Legal Description

Tax Year:

2023

Utilities

Fuel Description:

Electricity

Water Source:

Well

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$1,250,000 - Br/0Ba - for Sale in Westlake

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,250,000 -

284 Collins Rd Westlake , OR 97493

MLS Area Major: _265

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.