MLS# 24313280 – 241 S Miller St, Rockaway Beach, OR 97136 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of All Professionals Real Estate.

Property Description

Description

7 Units

Status: Pending

Year Built: 1935

Days on Website: 141

Steps to the beach, this turnkey triplex and quadplex multifamily property is a great opportunity to invest on the Oregon Coast. Sale consists of two properties, 7 units total. Currently operated as Vacation Rentals. The two properties consists of five 2-Bedroom units, and two 1-Bedroom units. Both properties are to be sold together.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3915

Built in 1935

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6,UnitTypeType7

Expenses

Operating Expense:

$26,682

Exterior Features

Exterior Description:

Cedar,ShakeSiding

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

5.01

Gross Income:

$84,326

Gross Rent Multiplier:

13.64

Net Operating Income:

$57,644

Listing

Contract Status Change Date:

2024-07-28

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-07-28 13:57:51

List Price:

$1,150,000

Listing Contract Date:

2024-07-03

Listing Id:

24313280

Mls Status:

Pending

Modification Timestamp:

2024-08-03 18:45:00

Off Market Date:

2024-07-28

On Market Date:

2024-07-03

Purchase Contract Date:

2024-07-28

Rent Includes:

CableTV,Electricity,Heat,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_195

County Or Parish:

Tillamook

Lot

Features:

Level

Size Acres:

0.17

Size Range:

SqFt7000to9999

Size Square Feet:

7,405

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

RK-C-1

Roof

Roof:

Metal

Schools

High School:

Neah-Kah-Nie

Middle Or Junior School:

Neah-Kah-Nie

Elementary School:

Garibaldi

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,378

Legal Description

Tax Year:

2023

Unit One

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Units Total:

1 total bathroom

2 total bedroom

Unit Six

Units Total:

1 total bathroom

1 total bedroom

Unit Seven

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

[+] Read More

$1,150,000 - Br/0Ba - for Sale in Rockaway Beach

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,150,000 -

241 S Miller St Rockaway Beach , OR 97136

MLS Area Major: _195

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.