$ 699,950
2214 5TH ST Tillamook, OR 97141
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Kelly Right Real Estate of Portland, LLC
$ 699,950
Est. payment /mo
Price Dropped by $89K
2214 5TH ST Tillamook, OR 97141
11,444 SqFt
UPDATED:
08/29/2024 06:25 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,444 sqft
Price per Sqft $61
MLS Listing ID 24520326
Year Built 1935
Annual Tax Amount $3,798
Tax Year 2023
Lot Size 10,890 Sqft
Property Description
Investor Opportunity! New owner can set the rents. Currently 8 of the 13 units at the property are renovated and vacant, 4 of the units are rented at $714/month each and one unit is in need of repair. A new owner could achieve a 10% cap rate by just filling the renovated units, no extra work needed. The exterior has new paint, gutters and siding. The renovated interiors have new LVP floors, paint, windows and cabinets. Don't miss this opportunity to purchase at just over $61,000/unit. Please do not disturb tenants, viewing of the property is only with an accepted offer.
Location
State OR
County Tillamook
Community Alllandscaping, Commons
Area _195
Zoning TM-C-C
Interior
Heating Wall Heater
Cooling Window Unit
Exterior
Community Features AllLandscaping, Commons
Garage No
Building
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Liberty
Middle Schools Tillamook
High Schools Tillamook
Others
Acceptable Financing Assumable, Cash, Conventional, Other
Listing Terms Assumable, Cash, Conventional, Other
