MLS# 24023444 – 821 831 S Columbia St, Seaside, OR 97138 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Premiere Property Group, LLC.

Property Description

Description

2 Units

Status: Active

Year Built: 1928

Days on Website: 213

** Price reduced & seller motivated ** Step into coastal paradise with this remarkable double cottage property, just a few blocks from the sun-kissed shores. Nestled in a coveted location, this offering not only promises the allure of beachside living but also presents an unparalleled opportunity for lucrative rental income. Adjacent to the main cottage, a second dwelling awaits, offering versatility and potential. Whether utilized as a guest retreat, a private sanctuary, or a rental income generator, this secondary cottage exudes coastal charm and comfort. Relax in the inviting living area, whip up beachside snacks in the well-appointed kitchenette, and retire to the serene bedroom for restful nights after days spent soaking up the sun. Conveniently located just steps from the beach and the promenade, this double cottage property epitomizes coastal living at its finest. Don't miss your chance to own a slice of paradise with endless income potential. Seize the opportunity to make this coastal retreat your own today!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1200

Built in 1928

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense:

$5,499

Exterior Features

Exterior Description:

Cedar,LapSiding

Foundation

Foundation Details:

Other

Heating

Heating:

WallHeater

Income

CAP Rate:

4.73

Gross Income:

$24,900

Gross Rent Multiplier:

16.47

Net Operating Income:

$19,401

Listing

Contract Status Change Date:

2024-04-23

Days On Market:

213

Last Transaction Date:

2024-11-20 09:19:52

List Price:

$410,000

Listing Contract Date:

2024-04-23

Listing Id:

24023444

Mls Status:

Active

Modification Timestamp:

2024-11-20 09:19:52

On Market Date:

2024-04-23

Previous List Price:

$430,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_187

County Or Parish:

Clatsop

Lot

Features:

Level

Size Acres:

0.06

Size Range:

SqFt0Kto2999

Size Square Feet:

2,613

Size:

0K to 2,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,Open

2 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Fixer

Zoning:

Roof

Roof:

Composition

Schools

High School:

Seaside

Middle Or Junior School:

Seaside

Elementary School:

Other

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,739

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$1,100

Area:

600

Features:

Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$975

Area:

600

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$410,000 -

821 831 S Columbia St Seaside , OR 97138

MLS Area Major: _187

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.