A Historic Gem Amidst Nature’s Embrace
A Historic Gem Amidst Nature’s EmbraceBasics
- Date added: Added 2 months ago
- Category: LP
- Type: Hospitality
- Status: Stabilization
- Year built: 1906
- IRR: 16%+
- Year 1 Cash on Cash: Approx 2,400,000
- Distribution Frequency: Monthly once stabilized
- Asset Strategy: Opportunistic Value-Add Ground Up Development and Stabilized Adaptive Reuse
- Preferred Return: 8%
Description
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Description:
Rosario, nestled on Orcas Island in Washington State's San Juan Islands, boasts timeless charm and holds a prestigious spot on the National Register of Historic Places. Established in 1906 by the esteemed Robert Moran, former Seattle mayor, and shipbuilder, the village has evolved into a captivating investment opportunity where tranquility and rejuvenation harmonize with nature's serenity. Enchanting Accommodations and Scenic Views
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