12
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Listed by Legend Real Estate Services
$1,195,000
Est. payment /mo
7,538 SqFt
Active
480 HIGHWAY 101 Rockaway Beach, OR 97136
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UPDATED:
02/21/2025 07:56 PM
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
