506 US-101 - Apartments FOR SALE


Rockaway Beach, OR 97136
$725,000 USD
503-355-3036
506 US-101, Rockaway Beach, OR for Sale
$725,000 USD
Apartments - FOR SALE
1/34
null | 6.65% Cap Rate

506 US-101
Rockaway Beach, OR 97136


HIGHLIGHTS

  • Spectacular ocean views with a second story. See remarks
  • Highway 101 frontage

OVERVIEW

HOUSE & TRIPLEX $725,000. Large commercial/residential lot. Extra room to build future projects. Corner lot, totally renovated triplex -fully rented. Free standing stick built home fully rented. Across the street from the ocean. Zoning allows 45' height limits. Located in the heart of Rockaway Beach. Gross income @ $53,000/year. sold together as one parcel with two tax lots. Room to expand! Motel, bed & breakfast, home business, many possibilities. Build up to 45' for outstanding ocean views. 24-hour notice for showings. CLOSE TO THE POPULAR PRONTO PUP RESTAURANT. OUTSTANDING OCEAN VIEWS WITH VERTICAL DEVELOPMENT.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

2

PRICE/UNIT

$362,500

CAP RATE

6.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Spencer Shores

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-1

APN/PARCEL ID

R0014326

ASK ABOUT THIS PROPERTY

Tim CromanCroman & Assoc. Realty, Inc.More Info
503-355-3036

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Tim CromanCroman & Assoc. Realty, Inc.More Info
503-355-3036

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