2214 5th St, Tillamook, Oregon, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$699,950

2214 5th St
Tillamook, Oregon, United States

17bd 13ba

Listed By: Realtyww Info

Listed On: 08/31/2024

Listing ID: GL11359087 View More Details

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.

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Listed by: Manny Obi