925 4TH AVE Active Save Request In-Person Tour Request Virtual Tour
Seaside,OR 97138
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,453 sqft
Price per Sqft $202
MLS Listing ID 24216868
Year Built 1941
Annual Tax Amount $4,875
Tax Year 2023
Lot Size 10,018 Sqft
Property Description
Great Investment Opportunity in Seaside! This 1941 4 plex has recent updates and so many opportunities for income. Rentable spaces at market rate could generate over $90k annual gross income and a cap rate approaching 10%. Spacious grounds provide adequate parking that can be accessed from 4th avenue as well as a rear alleyway. 3 of the 4 units are 2 bed, one bath, with the 4th being a 1 bed, one bath. A fifth 2 bed, one bath, economy kitchenette could be incorporated into one of the upstairs units. The building and property are clean and easy to maintain.
Location
State OR
County Clatsop
Area _185
Zoning R2
Interior
Heating Hot Water, Wall Heater
Exterior
Garage Spaces 4.0
Roof Type Composition
Building
Lot Description Level
Story 3
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Pacific Ridge
Middle Schools Seaside
High Schools Seaside
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional