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    840 S Downing St

    Seaside, OR 97138
    • $975,000
    • STATUS: Active
    • ON SITE: 104 days
    • MLS #: 21422211
    UPDATED: 61 min ago
    $975,000
    • 5
      BEDS
    • N/A
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,785
      SQFT
    • $258
      $/SQFT
    Type:
    Multi-Family
    Built:
    1936
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Very rare opportunity to purchase a beautifully remodeled 7 unit apartment 2 blocks from the beach. To the studs remodel in 2008 including new roof and siding and foundation. Community bbq, storage and on-site laundry. Potential for short term vacation rentals. Rent 6 units and keep 1 as a beach house. The options available are fantastic for anyone looking to get into owning multiple units. Buyer to do due diligence on all potential uses.

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    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Beach Loop Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-24T23:39:46.693.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Beach Loop Realty and should be independently verified.
    www.beachlooprealty.com/homes/115035796
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    840 S Downing St Seaside, OR 97138

    • Price: $975,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 21422211
    5
    Beds
    4
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,785
    SQFT
    $258
    $/SQFT
    1936
    Built
    Neighborhood:
    184-Clatsop Co: Seaside Northwest
    County:
    Clatsop
    Area:
    184-Clatsop Co: Seaside Northwest
    Elementary School:
    Pacific Ridge
    Middle School:
    Seaside
    High School:
    Seaside
    Property Description
    Very rare opportunity to purchase a beautifully remodeled 7 unit apartment 2 blocks from the beach. To the studs remodel in 2008 including new roof and siding and foundation. Community bbq, storage and on-site laundry. Potential for short term vacation rentals. Rent 6 units and keep 1 as a beach house. The options available are fantastic for anyone looking to get into owning multiple units. Buyer to do due diligence on all potential uses.
    Exterior Features

    Exterior Description Wood Composite Lot Size 10000 To 14999 Sqft Parking Features Paved Roof Type Composition View YN No Water Description Public

    Interior Features

    Basement Crawl Space Cooling Description None Foundation Details Concrete Perimeter Heating Description Wall Furnace Hot Water Description Electricity Unit Features DisposalMicrowaveRefrigeratorWindow Coverings Unit Type1 Features DisposalMicrowaveRefrigeratorWindow Coverings Unit Type1 Sq Ft 425 Unit Type2 Features DisposalMicrowaveRefrigeratorWindow Coverings Unit Type2 Sq Ft 300 Unit Type3 Features DisposalMicrowaveRefrigeratorWindow Coverings Unit Type3 Sq Ft 825 Unit Type4 Sq Ft 960

    Property Features

    Bank Owned YN No Capitalization Rate 1.05 CCRs YN No Common Amenities CommonsLaundry Country Us Fuel Description Gas Gross Income Actual 60947 Gross Income Projected 396000 Gross Rent Multiplier 16.00 Net Income Actual 10220 Net Income Projected 260000 Occupancy Types LeasedMonth To Month Operating Expenses Actual 34750 Operating Expenses Projected 136000 Property Condition Updated/Remodeled Rent Includes Trash CollectionSewerWater Seller Disclosure Disclosure Sewer Description Public Sewer Short Sale YN No Storage Attached Tax Amount 3695.92 Third Party Approval YN No Unit Type1 Rent 700 Unit Type1 Units Total 4 Unit Type2 Rent 600 Unit Type2 Units Total 1 Unit Type3 Rent 825 Unit Type3 Units Total 1 Unit Type4 Rent 1150 Unit Type4 Units Total 1 Zoning Res

    Listing provided courtesy of John L Scott Portland Sw.


    Listing content is copyright © 2021 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Beach Loop Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2021-06-24T23:39:46.693.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Beach Loop Realty and should be independently verified.
     
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    535 2nd Street SE
    Bandon OR, 97411