Listing Courtesy of:
RE/MAX INTEGRITY ALBANY BRANCH
Agency Contact: Direc: 541-974-3196
BEDS10
BATHS10
SQUARE FEET6,384
MLS#834696
STATUS
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONPhelps Addn
Property Description
Exceptional Investment Opportunity ??? 10-Unit Complex in the Heart of Newport!Discover a rare opportunity to own a well-maintained 10-unit apartment complex ideally situated in the heart of Newport. Each one-bedroom, one-bathroom unit features a refrigerator, electric range/stove, and private back deck???perfect for tenants seeking comfort and convenience near coastal amenities. The property offers six covered carports plus 5 additional parking spaces, along with an on-site laundry facility for tenant ease. Property includes 3 storage spaces: the biggest one is 17'x28'; 2nd is 8'x12', and the 3rd is 8'x9'. Just a few blocks from Nye Beach. Rent includes water and garbage services, a 6% cap rate and a strong history of full occupancy, this is a proven income-producing property that rarely sees turnover.
Property Features
Property Type: Multi Unit - Multiple
Lot Size: 0.19 Acres
Roof Type: Composition
Taxes: $9,731
Year Built: 1976
Feature Descriptions
Days on Site: 134
Dining Room: Area (Combination)
Dishwasher: No
Exterior: Vinyl
Flooring: Carpet, Laminate, Vinyl
Foundation: Continuous
Heating/Cooling: Zonal
Laundry: Laundry Center
Lot Dimensions: 0.19 Acre(s)
Patio: Deck
Price Per Square Foot: 195.8
Range: Electric
Sewer: City
Special View Info: Territorial
Units: 10
Water: City
Listed By / Shown By
Listed By
Agency Name: RE/MAX INTEGRITY ALBANY BRANCH
Agency Contact: Direc: 541-974-3196
Shown By
Agent Name: Craig Wibbens
Agent Phone: (541) 979-2737
Agency Title: Coldwell Banker Valley Brokers
Estimate Your Payment
Estimated Payment
$ 3,957.46 per month $2,781.96 Principal & Interest $810.92 Property Tax $364.58 Homeowner's InsuranceChange Payment Information
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
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