INVESTMENTS

Fee/Agency/Date: CLA

Tucker House Bed & Breakfast Cottages

Value: $495,000
Loans: $196,000
Equity: $299,000

Have: Victorian B & B circa 1898 w/4Bdrms/2Ba, plus 3 two-bedroom cottages w/kitchenettes & baths, wood stoves, TV/VCR; Solarium serving full breakfast daily, jacuzzi, ample parking.

Location: 260 "B" Street, Friday Harbor, Washington 98250. 2 blocks to "Can Add", two blocks from ferry landing, walk to all transport.

Loans: $196,000 @ 8% w/Key Bank

Benefits needed by client: Consolidate with "Can Add", free-up time for other business; exchange for less management investment.

Client capable of: Flexibility, creativity, financibility.

Can add: San Juan Inn B & B, Cape San Juan home, Whittier (Calif.) home. Equity: $538K, $110K, $60K.

Remarks: Best of 172 islands in Friday Harbor, one block from ferry landing, walk to all transport, period furnishings, $60 to $195 rates. Visit museums, parks, gift shops, restaurants or take cruises, kayaks, scuba diving and view tide pools


Client: Skip Metzger (no relation)


Income/Expense Summary




Counselor: Cynthia Metzger Lidyoff, Real Estate Investment and Exchange Broker.
Gross OpInc:
Less Vac:
Total OpExp:
Net OpInc:
Less Anl Debt Service:
Cash Flow:

$124,430

$-0-
$57,168



Seaquest Ventures P.O. Box 136 Seal Beach, California 90740 Office/Follow-Me#: 562-598-6918 Fax/Follow-Me #: (877) 598-9828. E-Mail: seaquest@earthlink.net

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