OR > Rockaway Beach
Rockaway Beach, OR 97136,480 HIGHWAY 101
Rockaway Beach, OR 97136,480 HIGHWAY 101
Rockaway Beach, OR 97136,480 HIGHWAY 101
Rockaway Beach, OR 97136,480 HIGHWAY 101
Rockaway Beach, OR 97136,480 HIGHWAY 101
Rockaway Beach, OR 97136,480 HIGHWAY 101
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HomeSmart Realty Group

HomeSmart Realty Group

+1(971) 599-5865
Listed by Legend Real Estate Services
$ 1,195,000
Est. payment | /mo

7,538 SqFt

Save
$ 1,195,000
Est. payment | /mo
Save

7,538 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,538 sqft

Price per Sqft $158

MLS Listing ID 756317164

Year Built 1912

Annual Tax Amount $4,083

Tax Year 2024

Lot Size 0.310 Acres

Property Description

A 7.5% cap rate with an on-site manager with gross monthly income of $10,234. An 11-unit apartment plus retail and garage rental. Additional income includes Studio income of $650 a month, retail space income of $1100 a month, laundry income of $580 a year, and garage income of $100 a month. The building has a new roof, with siding, exterior paint, and windows, which were replaced within the last 10 years with foundation improvements. Do not disturb tenants.

Location

State OR

County Tillamook

Area _195

Zoning RK-C-1

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Exterior

Garage Spaces 1.0

Roof Type Composition

Garage No

Building

Lot Description Flood Zone, Level, Ocean Beach One Quarter Mile Or Less

Story 2

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Garibaldi

Middle Schools Neah-Kah-Nie

High Schools Neah-Kah-Nie

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(971) 599-5865

broker@hsmartrealtygroup.com

3240 Commercial St SE, Ste 100, Salem, OR, 97302

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480 HIGHWAY 101