INVESTMENT OFFERING
Funding Partners Welcomed
CDA LAKE INN
Coeur d Alene, ID
12-unit motel
We’re excited to acquire this gem in the heart of thriving downtown Coeur d' Alene, a rare opportunity in a prime location right off Sherman and I-90 on scenic Lake CDA Drive, across from Vantage Brewery & a block from CDA Golf Course & the iconic floating green!
5-STAR REPUTATION
The current owners are local investors and developers who have transformed the motel into a modern haven over the past few years. With a hands-on approach and the assistance of the live-in manager, they have cultivated a reputation that speaks volumes, drawing in golf enthusiasts, skiers, and festive families. The impressive Google Reviews paint a vivid picture of guest satisfaction and loyalty.
FLEXIBLE ACCOMADATIONS
Our vision is to build upon the robust foundation laid by the current owners and enhance the cash flow, stability, and value by maximizing occupancy and minimizing turnover. This will be achieved by opening the laundry for guest use and offering monthly rates, providing flexible solutions for individuals or couples staying for 1-6 months.
RENOVATED INTERIORS
We're elevating the overall customer experience by expanding and refining the amenities to attract an even wider audience of year-round guests and tenants. Investing in this asset is an opportunity to collect lucrative returns while partaking in the ongoing growth and transformation of downtown CDA and specifically E. Sherman.
Purchasing for $1.6MM (9.6% CAP) with 69% seller financing for 3Y at 7% interest only.
Investment Overview
💎 Capital Required………….$600k
💎 Minimum Investment…$150k
💎 Annualized Interest……….…15%
💎 Monthly Payments……..$1,875
💎 Exit Strategy………... Refinance
💎 Principal Payback……36 mo.
💎 Lifetime Ownership……….…15%
💎 Est. Depreciation………….…$60k
💎 Contributions Due…. Dec 20
Secured by Note &
Operating Agreement
PROJECTIONS
Manager occupies 1 unit
(11 rentable units)
These are the 5Y projections based on converting the rooms to monthly rentals at $1,550+ with a conservative occupancy of under 90%, despite major demand for quality affordable housing in downtown CDA. We also pre-leased the the office space to an organic coffee shop with farm-to-table ingredients.
Our Plans for the Exterior
