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Browse More Listings in Multifamily For Sale, Gearhart, OR or Oregon

Multifamily Property - Off Market

Gearhart Cottages

372 S. Cottage Ave, Gearhart, OR 97138

Price:
N/A
No. Units:
2
Building Size:
1,674 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Commission Split:
2.25%
Cap Rate:
7.50%
No. Stories:
1
Year Built:
1953
Lot Size:
0.20 SF
Parking Ratio:
6 / 1,000 SF

Last Verified 6/1/2009 Listing ID 15989570

Highlights

Owned by Distinctive Beach Lodgings and managed from Gearhart Ocean Inn. Turn key operation beautifully designed by Kyle Lynch.
Can be rented out separately or together, each side sleeps 5. Yard is immacutely maintained.
Comfortable lounging area in rear yard with a fire pit. 5 minutes walk to Oregon's finest beaches.

Financials provided upon request to serious buyer.

Description

Beautifully restored New England style Inn (duplex). Prime location 3 blks to center of Gearhart, the "Cape Cod" of the Oregon coast. 3 blks to the beach and centrally located for golf, shopping, and restaurants from Cannon Beach to Astoria. Sold separately or with Gearhart Ocean Inn and Inn at Arch Cape.

Hwy 101N turn right, (west) on Pacific Way 1 mile to stop sign, turn left 3 blocks to property

Map of 372 S. Cottage Ave, Gearhart, OR 97138 (Clatsop County)

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Created 11/14/2008

Additional Information for 372 S Cottage Avenue, Gearhart, OR 97138

Active For Sale - 0 Listing
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Gearhart Cottages

372 S. Cottage Ave, Gearhart, OR, 97138