MLS# 24106110 – 259 S Juniper St, Rockaway Beach, OR 97136 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Coast Real Estate Professionals.

Property Description

Description

2 Units

Status: Active

Year Built: 1997

Neighborhood: Rockaway Beach

Days on Website: 84

Passionate about Passive Income? Newer Rockaway duplex, long-term rental. Currently $2550 gross monthly rental receipts. Rented nearly 100% of the time over the last 19 years. Upper unit has12-month lease, lower unit is month-to-month. Tenants pay for all utilities. Each 865 square feet, each 2 bedrooms/1 full bath. Double closets in the larger, main bedroom. Newer carpets & flooring. Each unit has 2-year-old washer/dryer sets & refrigerators, dishwashers, built-in microwaves, & range/ovens. Lots of room in the kitchen cabinets. Quiet area 12 blocks to the beach. Out of flood and tsunami zones. Low maintenance grounds. Gravel parking area for 4 vehicles. Well maintained. Great investment!

Property Details and Features

Heating

Heating:

Zoned

Heating Available

Income

CAP Rate:

5.18

Gross Income:

$29,250

Gross Rent Multiplier:

17.06

Gross Scheduled Income:

$30,600

Net Operating Income:

$25,842

Net Scheduled Income:

27118

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1730

Built in 1997

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1

Expenses

Operating Expense Scheduled:

3482

Operating Expense:

$3,408

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

ConcretePerimeter

Listing

Contract Status Change Date:

2024-08-31

Days On Market:

Last Transaction Date:

2024-08-31 12:05:52

List Price:

$499,000

Listing Contract Date:

2024-08-31

Listing Id:

24106110

Mls Status:

Active

Modification Timestamp:

2024-08-31 12:05:53

On Market Date:

2024-08-31

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_195

Subdivision Name:

Rockaway Beach

County Or Parish:

Tillamook

Lot

Features:

Level,OceanBeachOneQuarterMileOrLess

Size Acres:

0.08

Size Dimensions:

50' x 70'

Size Range:

SqFt3000to4999

Size Square Feet:

3,484

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet,Open

4 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Approximately

Zoning:

RK-R2

Roof

Roof:

Composition

Schools

High School:

Neah-Kah-Nie

Middle Or Junior School:

Neah-Kah-Nie

Elementary School:

Garibaldi

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,462

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,550

Area:

865

Features:

Dishwasher,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$499,000 -

259 S Juniper St Rockaway Beach , OR 97136

MLS Area Major: _195

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.