Seaside Investment Opportunity - 2 Blocks to the Beach! 2 Vintage Cottages - major fixer, w/detached shed/carport located on corner lot in great south Seaside location! Previously rented at $645 & 595 per month. Min. 24 hr. notice for all showings. Larger cottage currently vacant. Tenant in small cottage is vacating 3-1-2020. Buyers to perform due diligence regarding any future development of the property. Sold As Is.
Off market
$520,100
140 Avenue S, Seaside, OR 97138
3beds
2baths
1,066sqft
MultiFamily
Built in 1935
-- sqft lot
$520,100 Zestimate®
$488/sqft
$1,847 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Wall, Electric
Cooling
- None
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 1,066 sqft
Property
Features
- Exterior features: Composition
Lot
- Size: 4,791 sqft
- Features: Level, Corner Lot
Details
- Parcel number: 61021CD02600
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Wood
- Roof: Composition
Condition
- Approximately
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Seaside
HOA & financial
Other financial information
- Total actual rent: 1240
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- Zoning: R2
- HeatingYN: true
- NumberOfUnitsTotal: 2
- Utilities: Electricity Connected
- Roof: Composition
- LotFeatures: Level, Corner Lot
- LeaseTerm: Month To Month
- FarmLandAreaUnits: Square Feet
- ConstructionMaterials: Cedar
- RentIncludes: Water, Sewer
- Heating: Wall Furnace
- Appliances: Electric Water Heater
- TotalActualRent: 1240
- CapRate: 5.20
- GrossIncome: 14880
- NetOperatingIncome: 12216
- MlsStatus: Pending
- OperatingExpense: 2664
- PropertyCondition: Approximately