MLS# 24425148 – 131 Se Ainslee Ave, Depoe Bay, OR 97341 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Taylor & Taylor Realty Co..

Property Description

Description

10 Units

Status: Active

Year Built: 1995

Neighborhood: Depoe Bay

Days on Website: 83

Investors opportunity to own a 4-plex in Depoe Bay! Currently all units rented, through a management company. Good rental history. Back from ocean, but close to all amenities of Depoe Bay - fishing, ocean walks, community parks, restaurants and entertainment. Please do not disturb tenants. Interior showings after offer only.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

4005

Built in 1995

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Expenses

Operating Expense:

$17,000

Exterior Features

Exterior Description:

LapSiding,T111Siding,WoodComposite

Foundation

Foundation Details:

ConcretePerimeter,PillarPostPier

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

6.49

Gross Income:

$90,000

Gross Rent Multiplier:

12.5

Net Operating Income:

$73,000

Listing

Contract Status Change Date:

2024-08-29

Days On Market:

Last Transaction Date:

2024-09-06 10:29:20

List Price:

$1,125,000

Listing Contract Date:

2024-08-29

Listing Id:

24425148

Mls Status:

Active

Modification Timestamp:

2024-09-06 10:29:20

On Market Date:

2024-08-29

Rent Includes:

MaintenanceGrounds

Standard Status:

Active

Location

MLS Area Major:

_200

Subdivision Name:

Depoe Bay

County Or Parish:

Lincoln

Lot

Features:

GentleSloping,Trees

Size Acres:

0.18

Size Range:

SqFt7000to9999

Size Square Feet:

7,840

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

OffStreet

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R-5

Roof

Roof:

Composition

Schools

High School:

Taft

Middle Or Junior School:

Taft

Elementary School:

Taft

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,836

Legal Description

Unit One

Actual Rent:

$2,100

Area:

1100

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

7 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,800

Area:

900

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

6 total bathrooms

2 total bedroom

Unit Three

Actual Rent:

$1,800

Area:

900

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

6 total bathrooms

2 total bedroom

Unit Four

Actual Rent:

$2,100

Area:

1100

Features:

Deck,Dishwasher,Range,Refrigerator

Units Total:

7 total bathrooms

3 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

$1,125,000 -

131 Se Ainslee Ave Depoe Bay , OR 97341

MLS Area Major: _200

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.