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1029 S Sand Dune Ave SW
Ocean Shores, WA 98569
Ocean Front Tri-Plex · Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Ocean Front View
- Amazing Sunsets
- Fully Occupied
EXECUTIVE SUMMARY
Oceanfront tri-plex in Ocean Shores offering strong income performance and stunning sunset views from three ocean-facing decks. Two units are occupied by long term (9+ years) tenants and the third unit just started a 1 year lease. Fully rented, the property now delivers a solid 6.7% cap rate. Located in a quiet, non-short term rental area, it offers stable, long-term rental appeal. An excellent option for investors seeking a turnkey asset and ideal for those identifying a replacement property for a 1031 exchange.
PROPERTY FACTS
| Price Per Unit | $330,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.72% | Lot Size | 0.32 AC |
| Sale Condition | 1031 Exchange | Building Size | 5,698 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2005 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price Per Unit | $330,000 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 5,698 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2005 |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 1 | $2,170 | 1,780 |
| 3+3 | 1 | $2,480 | 2,270 |
| 2+2 | 1 | $2,190 | 1,648 |
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