About 925 4th Ave
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.
Features of 925 4th Ave
MLS® # | 24216868 |
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Price | $699,000 |
Units | 4 |
Square Footage | 3,453 |
Acres | 0.23 |
Year Built | 1941 |
Type | Multi Family |
Status | Active |
Community Information
Address | 925 4th Ave |
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Area | 185 - Clatsop Co: Seaside North Central |
City | Seaside |
County | Clatsop |
State | OR |
Zip Code | 97138 |
Interior
Heating | Hot Water, Wall Heater |
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Fireplace | No |
# of Stories | 3 |
Basement | Dirt Floor, Exterior Entry, Storage Space |
Exterior
Exterior | Vinyl Siding |
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Lot Description | Level |
Roof | Composition |
Foundation | Concrete Perimeter |
School Information
Elementary | Pacific Ridge |
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Middle | Seaside |
High | Seaside |
Additional Information
Date Listed | September 9th, 2024 |
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Days on Market | 61 |
Zoning | R2 |
Short Sale | No |
RE / Bank Owned | No |
Cap Rate | 7.06 |
Unit 1 Details
Beds | 2 |
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Baths | 1 |
Rent | $1,100 |
Unit 2 Details
Beds | 1 |
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Baths | 1 |
Rent | $1,200 |
Unit 3 Details
Beds | 2 |
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Baths | 1 |
Rent | $1,500 |
Unit 4 Details
Beds | 4 |
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Baths | 2 |
Rent | $2,100 |
Listing Details
Office | Soldera Properties, Inc |
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