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.
925 4TH AVE (MLS #24216868) is a multi-family listing located in Seaside, OR.
This multi-family listing is 3,453 sqft and on a lot of 10,018 sqft (or 0.23 acres) and is 83 years old. This property was listed on 09/09/2024 and has been priced for sale at $694,000.
Nearby zip codes are 97146. This property neighbors other cities such as Gearhart and Warrenton.
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Listing information courtesy of: Soldera Properties, Inc
