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Archived over 1 year ago

$535,000

rooms 2 ba 1202 sqft

224 N Holladay St, Seaside, OR 97138

Multiple

Current Rent **

N/A

Projected Rent **

$3,400

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Debbie Boman

Multi - 6 Plex For Sale

Great opportunity. Seaside is the number one tourist coastal destination in Oregon. This property is not just a"15 minute" walk to everything, but a 5-10 minute walking distance from beach, restaurants, coffee, groceries, shopping, art district, community center, library and just one mile to the hospital. Only 90 minutes from Portland and PDX Airport, 15 minutes south to Cannon Beach and 30 minutes north to Astoria.

Six units sold together or individually, whichever happens first. Three units are 1202 square feet with 2bed/2bath, three units are 1104 square feet with 2bed/2bath. All units have River front views, decks, 2 parking spaces (one assigned and covered) and elevator access.
Property is in the STR zone which is very limited in Seaside, so great opportunity for short term rental. Or if long term investment, new HOA and reserve study done and ready for new owner (s).
Please contact me - (801) 509-1102 - for more information.

Location:

224 N Holladay St, Seaside, OR 97138

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.