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.
** Price reduced & seller motivated ** Step into coastal paradise with this remarkable double cottage property, just a few blocks from the sun-kissed shores. Nestled in a coveted location, this offering not only promises the allure of beachside living but also presents an unparalleled opportunity for lucrative rental income. Adjacent to the main cottage, a second dwelling awaits, offering versatility and potential. Whether utilized as a guest retreat, a private sanctuary, or a rental income generator, this secondary cottage exudes coastal charm and comfort. Relax in the inviting living area, whip up beachside snacks in the well-appointed kitchenette, and retire to the serene bedroom for restful nights after days spent soaking up the sun. Conveniently located just steps from the beach and the promenade, this double cottage property epitomizes coastal living at its finest. Don't miss your chance to own a slice of paradise with endless income potential. Seize the opportunity to make this coastal retreat your own today!
DO NOT DISTURB TENANTS! Centrally located with ocean view for some of the units. One block off the prom. Two story apartment living with a 6 Car carport and coin operated laundry room. Other parking at the corner of the building. 4 units completely remodeled, 2 units partially remodeled and 2 not remodeled with long term tenants. Each unit has their own storage unit. Do not disturb Tenants. Proof of ability to purchase before showings.
The median home value in Seaside, OR is $465,300. This is lower than the county median home value of $472,200. The national median home value is $338,100. The average price of homes sold in Seaside, OR is $465,300. Approximately 28.61% of Seaside homes are owned, compared to 38.63% rented, while 32.77% are vacant. Seaside real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Seaside real estate agent to arrange a tour today!
Seaside, Oregon 97138 has a population of 7,058. Seaside 97138 is more family-centric than the surrounding county with 27.75% of the households containing married families with children. The county average for households married with children is 25.99%.
The median household income in Seaside, Oregon 97138 is $41,488. The median household income for the surrounding county is $61,846 compared to the national median of $69,021. The median age of people living in Seaside 97138 is 51.2 years.
The average high temperature in July is 66.9 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 91.3 inches per year, with 1 inches of snow per year.