2214 5th St Tillamook, OR 97141
Listing Courtesy of: RMLS / Knipe Realty ERA Powered / Manasseh "Manny Obi" Obi

  2214 5th St Tillamook, OR 97141

Active (6 Days)
$699,950
11,444
SQFT

Description

Investor Opportunity! New owner can set the rents. Currently 8 of the 13 units at the property are renovated and vacant, 4 of the units are rented at $714/month each and one unit is in need of repair. A new owner could achieve a 10% cap rate by just filling the renovated units, no extra work needed. The exterior has new paint, gutters and siding. The renovated interiors have new LVP floors, paint, windows and cabinets. Don't miss this opportunity to purchase at just over $61,000/unit. Please do not disturb tenants, viewing of the property is only with an accepted offer.

MLS #:
24520326
Taxes
$3,798(2023)
Lot Size
0.25 acres
Type
Multifamily
Year Built
1935
County
Tillamook County

Listed By

Manasseh "Manny Obi" Obi, Knipe Realty ERA Powered
Source
RMLS
Last checked Nov 8 2024 at 2:26 AM GMT+0000
Bathroom Details
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Window Unit(s)
Exterior Features
  • Wood Siding
Utility Information
  • Sewer: Public Sewer
  • Fuel: Electricity
School Information
  • Elementary School: Liberty
  • Middle School: Tillamook
  • High School: Tillamook
Stories
  • 3
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 29, 2024
Price Changed
$699,950
-11%
-89,050
Aug 13, 2024
Price Changed
$789,000
-1%
-10,000
Jun 27, 2024
Original Price
$799,000
-
-
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