OCEAN VIEW 5-PLEX

156 SW Brook St
Newport, OR 97365

$359,000 


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  MLS #

4000 Square Feet.
10 Bedrooms - 5 Bathrooms
0 Car Garage
6250 Lot
1978 Year Built
Will Devenport

Phone: 541-961-5779
byowneroregon.com/380936




All Information Deemed Accurate but not Warranted.

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
 

Features:
Stove - Refrigerator - Washer - Carpet - Corner Lot - Lot: Level - Oversized - Sidewalks - Street Lights - Smoke Alarms - Balcony - Attached Parking - Agent Commission Available - Laundry Room - Stylish - City Lights View - Ocean View - Rooftops View - Water View