Multifamily

925 Avenue S

925 Avenue S, Seaside, OR 97138

Listing Price: $700,000

Cap Rate
8.14%
Number of Units
8
GRM
9.49
Occupancy
95.00%
Price/Unit
$87,500
Price/Gross SF
$86.81
Gross SF
8,064

Investment Overview

925-935 Avenue S is a mixed-use property built in 2005, consisting of two buildings on two separate tax lots: a six unit apartment complex located at 925 Avenue S, and a four unit garage industrial building located at 935 Avenue S.

925-935 Avenue S represents a unique opportunity for an investor looking for a value-add property, with the ability to immediately increase rents and cash flow.

The property is located in growing Seaside, adjacent to Chapman Ponds, which lies South of the property and is frequented by local bird watchers for its wide variety of species. The property is well located, with the beach, groceries (Safeway) and restaurants all within a mile.

The apartments at 925 Avenue S consist entirely of two-bedroom, one-bathroom flats, each featuring views of the pond at the back of the property. Parking is plentiful, with 16 surface parking spaces and one garage.

The garages at 935 Avenue S each measure 949 square feet and feature roll-up doors; 460 volt power is available, which commercial tenants highly value.

Investment Highlights

  • Mixed-Use Property Offers Diversified Cash Flow
  • Value-Add: Property Rents are Estimated to be 20% Under Market
  • Ideal Location: Located Adjacent to Nature Area; 1 Mile from Beach

Exclusively Listed By

Financing By

Listing Price: $700,000

Cap Rate
8.14%
Number of Units
8
GRM
9.49
Occupancy
95.00%
Price/Unit
$87,500
Price/Gross SF
$86.81
Gross SF
8,064

Investment Highlights

  • Mixed-Use Property Offers Diversified Cash Flow
  • Value-Add: Property Rents are Estimated to be 20% Under Market
  • Ideal Location: Located Adjacent to Nature Area; 1 Mile from Beach

Investment Overview

925-935 Avenue S is a mixed-use property built in 2005, consisting of two buildings on two separate tax lots: a six unit apartment complex located at 925 Avenue S, and a four unit garage industrial building located at 935 Avenue S.

925-935 Avenue S represents a unique opportunity for an investor looking for a value-add property, with the ability to immediately increase rents and cash flow.

The property is located in growing Seaside, adjacent to Chapman Ponds, which lies South of the property and is frequented by local bird watchers for its wide variety of species. The property is well located, with the beach, groceries (Safeway) and restaurants all within a mile.

The apartments at 925 Avenue S consist entirely of two-bedroom, one-bathroom flats, each featuring views of the pond at the back of the property. Parking is plentiful, with 16 surface parking spaces and one garage.

The garages at 935 Avenue S each measure 949 square feet and feature roll-up doors; 460 volt power is available, which commercial tenants highly value.

Exclusively Listed By

Financing By

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