2214 5th St | Tillamook, OR 97141
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- LoopNet Team
2214 5th St
Tillamook, OR 97141
5th Street Apartments · Multifamily Property For Sale · 13 Units
Investment Highlights
- Additional Income Potential From Renovating The Third Floor and Increasing The Unit Count
- Well-Located: One Block From Highway 101 and Two Blocks From First Street
- Potential Property Tax Exemption for Renovations Performed
- Potential To Renovate The Current 13 Units and Increase The Value To $1,743,000 At a 6.50% Cap Rate.
- Seller Carry Terms for Two Years Available, 25% down @ 8% Interest, or Best Offer
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 11,444 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built | 1935 |
| Building Class | C |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 11,444 SF |
| No. Stories | 3 |
| Year Built | 1935 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | $1,000 | 500 |
| 2+1 | 4 | $1,400 | 600 |
PROPERTY TAXES
| Parcel Number | R0107119 | Improvements Assessment | $204,940 |
| Land Assessment | $108,890 | Total Assessment | $313,830 |
PROPERTY TAXES
Parcel Number
R0107119
Land Assessment
$108,890
Improvements Assessment
$204,940
Total Assessment
$313,830
zoning
| Zoning Code | TM-C-C |
| TM-C-C |
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