About 805 Garibaldi Ave
Updated 12 unit multifamily on Highway 101 in the heart of Garibaldi. 10 Studio units and 2 One Bedroom units; onsite laundry. Professionally managed, with new roof, new vinyl windows, new paint and newly repaired sewer lateral complete. Seller has renovated units as they have become available, and made efficiency updates throughout all units. C-1 zoning creates opportunities for redevelopment in the future. Coming public infrastructure improvements on Highway 101 and along the Salmonberry Trail make the future bright for this investment opportunity.
Features of 805 Garibaldi Ave
| MLS® # | 24523202 |
|---|---|
| Price | $1,250,000 |
| Units | 12 |
| Square Footage | 4,265 |
| Acres | 0.42 |
| Year Built | 1953 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 805 Garibaldi Ave |
|---|---|
| Area | 195 - Tillamook County |
| City | Garibaldi |
| County | Tillamook |
| State | OR |
| Zip Code | 97118 |
Interior
| Heating | Zoned |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Block |
|---|---|
| Lot Description | Flood Zone, Level, On Busline |
| Roof | Composition |
| Foundation | Slab |
School Information
| Elementary | Garibaldi |
|---|---|
| Middle | Neah-Kah-Nie |
| High | Neah-Kah-Nie |
Additional Information
| Date Listed | March 24th, 2024 |
|---|---|
| Days on Market | 42 |
| Zoning | C-1 |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 7.64 |
Unit 1 Details
| Baths | 1 |
|---|---|
| Rent | $7,720 |
| Features | Range, Refrigerator |
Unit 2 Details
| Beds | 1 |
|---|---|
| Baths | 1 |
| Rent | $2,075 |
| Features | Range, Refrigerator |
Listing Details
| Office | Keller Williams Sunset Corridor |
|---|---|
| Contact Info | sierra@homewithsierra.com |