MLS# 24365429 – 506 Highway 101, Rockaway Beach, OR 97136 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Croman & Assoc. Realty, Inc..

Property Description

Description

4 Units

Status: Active

Year Built: 1941

Neighborhood: Rockaway Beach

Days on Website: 177

Investment property with many options! Room to build a large (ocean view) building up to 45 feet. Fully rented triplex (on a separate tax lot) completely remodeled @ 2 years ago - electrical, plumbing, and interior finishes like new sold together with a 2bd 1 bath home (w/new electrical panel) on a large .023 acre commercially zoned ocean view parcel. Sold together as one parcel with two tax lots OR available separately. Room to expand! Build up to 45' for outstanding ocean views. All units have washer/dryer units. Tenant occupied. PURCHASE TRIPLEX SEPARATELY FOR $499,000 OR THE 2BD/1BA HOME SEPARATELY $350,000.Each on their own tax lots.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2678

Built in 1941

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Exterior Features

Exterior Description:

VinylSiding

Foundation

Foundation Details:

Block,ConcretePerimeter

Heating

Heating Available

Heating:

WallFurnace

Income

Gross Income:

$48,228

Gross Rent Multiplier:

16.57

Listing

Contract Status Change Date:

2024-05-29

Days On Market:

176

Last Transaction Date:

2024-10-07 13:44:56

List Price:

$799,000

Listing Contract Date:

2024-05-29

Listing Id:

24365429

Mls Status:

Active

Modification Timestamp:

2024-10-07 13:44:56

On Market Date:

2024-05-29

Previous List Price:

$879,000

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_195

Subdivision Name:

ROCKAWAY BEACH

County Or Parish:

Tillamook

Lot

Features:

FloodZone,Level,OceanBeachOneQuarterMileOrLess

Size Acres:

0.23

Size Range:

SqFt10000to14999

Size Square Feet:

10,018

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property View

Zoning:

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:

$2,239

Legal Description

Unit One

Actual Rent:

$800

Area:

453

Features:

Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$949

Area:

453

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$800

Area:

453

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,700

Area:

1317

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$799,000 -

506 Highway 101 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 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.