This two unit was converted into a condominium within a community of 12 condo units formerly part of the well-known Exit 5 Motel. This unique property offers an exceptional investment opportunity in a beautifully maintained seasonal resort setting. While the remaining 26 unit motel continues to operate seasonally, these condominium units are designated for year round use, making them ideal for weekly rentals throughout all seasons. Situated on 3.2 acres of beautifully landscaped grounds, the property combines flexibility, comfort, and resort style amenities. This duplex style condominium features two separate living spaces. The first floor unit offers three bedrooms and one full bath, while the second-floor unit includes two bedrooms, one bath, and a spacious private deck perfect for relaxing or entertaining guests. Owners and guests enjoy full access to the property's extensive shared amenities, including a large seasonal indoor pool, a game room, an expansive outdoor deck area with a fire pit and ample seating, and a screened in gazebo ideal for gathering and unwinding. Families will also appreciate the large fenced playground area. Whether you are looking for an income-producing investment, a vacation retreat, or a versatile year-round property with strong rental potential, this condominium offers a rare opportunity in a desirable coastal setting. Convenient to local beaches. I-95 and 20 minutes to Portland.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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