Great Nye Beach apartment building with many recent upgrades and lots of upside potential.† Rents are low for area and due to increase.† Cap rate 7%. Always 100% occupied.†††
4- 2 bedroom/ 1 bath units 1- 3 bedroom/ 1 bath unit 2 New Coin operated washing machines† (+/- $150 mo.) New siding, windows, doors, paint, decks, and all dry rot repaired in 2012. 8 year old roof Gross rents $3050.00 mo. Low vacancy factor GREAT ocean views Two blocks to the ocean Two blocks to Hwy. 101 Plenty of off street parking Do not disturb tenants †
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