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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi-Dwelling
Listing Status Sold
Purchase Type For Sale
Square Footage 7,560 sqft
Price per Sqft $145
Subdivision Bayley And Case'S
MLS Listing ID 24-1877
Sold Date 03/28/25
Style Traditional
Bedrooms 13
HOA Y/N No
Originating Board Lincoln County Board of REALTORS® MLS (OR)
Year Built 1992
Annual Tax Amount $8,539
Tax Year 2024
Lot Size 0.290 Acres
Acres 12632.4
Property Sub-Type Multi-Dwelling
Property Description
A prime investment opportunity featuring six fully occupied units. Five of the units offer 2 bedrooms and 1 bathroom each, while the sixth unit offers 3 bedrooms, 2 bathrooms, and washer and dryer hookups. The property includes a common area coin-operated laundry for the convenience of the five smaller units. The exterior of the complex is enhanced with durable Hardi-Plank siding. Recent upgrades include the replacement of the garage roofs in 2023, as well as a complete repainting of the entire complex the same year. The main roof for the units was replaced approximately 5-7 years ago, ensuring long-term durability. For parking, the property provides eight single-stall car garages and an additional ninth oversized garage stall. Inside, the units feature a mix of carpet and linoleum flooring, with some units upgraded to luxury-vinyl plank flooring.
Please note, no showings will be scheduled prior to an accepted offer. This fully occupied property is a turnkey investment ready for new ownership.
Location
State OR
County Lincoln
Area Newport/South Beach
Zoning R-4 Residential
Direction Hwy 101 to SW Abbey. Left on SW 9th to property.
Rooms
Other Rooms None
Interior
Heating Forced Air
Flooring Carpet, Vinyl
Exterior
Utilities Available Electricity Available, Natural Gas Available
Waterfront Description None
View None
Roof Type Composition
Porch None
Garage Yes
Building
Foundation Concrete Perimeter
Water City
Architectural Style Traditional
Others
Senior Community false
Tax ID 111108CA-14600-00
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Garett & Claire Chadney
Principal Broker / Owner | License ID: 930300059
Principal Broker / Owner License ID: 930300059