Contact Gene Smith (Managing Broker) for a private showing:
509-217-3380 or
genesmith9@aol.com.

Click on the arrow below for a video of the property.

 

Republic, Washington
Curlew Lake
Listed at $1,250,000
Contact Gene Smith (Associate Broker) 509-217-3380 for showing.

E-mail: genesmith9@aol.com

Resort for sale in Republic Washington on Curlew Lake.

Have you been dreaming of living on a lake and running a small resort? What about a youth camp, church camp or retreat? This is your dream come true. 12.8 acres of paradise on Curlew Lake. 2800 feet of shoreline.  13 rental units including cabins, duplexes and studios (5 units can be used year-round).  Large groomed, grass RV park,  112 RV sites:  34 full service waterfront sites, 78 full service secondary waterfront sites,  9 waterfront tent sites (dry camp),  office, store w/existing stock: groceries, tackle and gift shop,  laundry mat, fishing boats, motors,  moorage and fishing docks. Large grassy playground with swings, volleyball, basketball, tether ball and horseshoes plus other outbuildings. There are  owner's living quarters (built in 1987), consisting of 1,400 sf, 4 bedrooms (mstr: 13' X 14', 12' X 13', 12' X 18', 9' X 11'), 2 bathrooms (mstr: 3/4, extra large shower),  kitchen/dining area (16' X 20') w/JenAir range/oven, convection/regular oven, dishwasher, pantry & new Formica counter tops and living room. 1 car detached garage w/large shop area. Great fishing (Trout, Bass and Muskie) and hunting (Whitetail & Mule Deer, Grouse, Turkey, Geese & Duck).

Float planes allowed on lake.

Additional Information from the
Ferry County Planning Department (
509-775-5209)
:
- Small tavern/pub/restaurant is okay
- Can apply for approval of storage units

-
Sub-dividing okay into 2.5 acre lots
 

2009 INFORMATION
Gross Income: $179,456

Store Sales/Other Income: 25%
Cabins:  35%
RV Park:  40%

Approximate Net Income:  $95,699 (Cap Rate 8.0%)

2008 INFORMATION
Gross Income:
  $166,348

    Store Sales/Other Income: 23%
Cabins:  38%
RV Park:  39%
 

Annual Expenses
    Insurance:  $9,283
Utilities:  $10,305
Miscellaneous:  $28,013 (Includes: Taxes and Licenses - $15,523;
Repairs and Maintenance - $8,127; Supplies - $4,363)
Cost of Goods Sold:  $23,048
 

Approximate Net Income:  $95,699 (Cap Rate 7.7%)

 

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Real Estate Agent. Luxury home /resort Realtor helping clients buy / sell Real Estate in Eastern Washington (WA) (Spokane, Fairchild AFB, Mead,
Chattaroy, Nine Mile Falls, Newport and surrounding area
) & Northern Idaho (Post Falls, Hayden Coeur d'Alene, Sandpoint and surrounding area).
Licensed in Eastern Washington (WA) and Northern Idaho (ID).
I help clients buy/sell residential homes,
l
uxury / high-end homes, executive homes, acreage, farms, ranches (cattle & horse), waterfront luxury homes
(Long Lake, Lake Spokane,
Newman Lake, Liberty Lake, Loon Lake, Diamond Lake, Lake Coeur d'Alene, Hayden Lake, Lake Pend Oreille,
Priest Lake / River and Spokane River
) and investment / commercial property. Accredited Buyer Representative (ABR).