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.
Great investment opportunity! This is your chance to own a nice duplex, a well maintained home, and a double wide manufactured home. 3501 is the duplex built in 2003 with a total of 1860 sq ft (930' per unit). Rents are $1,200 & $1,125 per month. 3413 is an older home built in 1930, updated to the 70's with 1966 sq ft and 4 bdrms, 2 baths. Rent is $1050. The back unit, 3417 Maple is a 1999 manufactured home w/ 2 bdrm, 2 bath and is a separate parcel w/ driveway access between the two units
The median home value in Tillamook, OR is $410,000. This is lower than the county median home value of $474,000. The national median home value is $338,100. The average price of homes sold in Tillamook, OR is $410,000. Approximately 40.56% of Tillamook homes are owned, compared to 55.35% rented, while 4.09% are vacant. Tillamook 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 Tillamook real estate agent to arrange a tour today!
Tillamook, Oregon has a population of 5,183. Tillamook is more family-centric than the surrounding county with 22.09% of the households containing married families with children. The county average for households married with children is 20.38%.
The median household income in Tillamook, Oregon is $48,117. The median household income for the surrounding county is $55,730 compared to the national median of $69,021. The median age of people living in Tillamook is 36.6 years.
The average high temperature in July is 68.8 degrees, with an average low temperature in January of 38.6 degrees. The average rainfall is approximately 94.3 inches per year, with 0.9 inches of snow per year.