480 S Highway 101 - Apartments FOR SALE


Rockaway Beach, OR 97136
$1,195,000 USD
503-502-9678
480 S Highway 101, Rockaway Beach, OR for Sale
$1,195,000 USD
Apartments - FOR SALE
1/13
null | 7.53% Cap Rate

480 S Highway 101
Rockaway Beach, OR 97136


OVERVIEW

A 7.5% cap rate with an on-site manager with gross monthly income of $10,234. An 11-unit apartment plus retail and garage rental. Additional income includes Studio income of $650 a month, retail space income of $1100 a month, laundry income of $580 a year, and garage income of $100 a month. The building has a new roof, with siding, exterior paint, and windows, which were replaced within the last 10 years with foundation improvements. Do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$159 USD /SF

# OF UNITS

11

PRICE/UNIT

$108,636

CAP RATE

7.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elmore Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-1

APN/PARCEL ID

R0011926

ASK ABOUT THIS PROPERTY

Marjorie WellsLegend Real Estate ServicesMore Info
503-502-9678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Marjorie WellsLegend Real Estate ServicesMore Info
503-502-9678

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.