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10425 Neahkahnie Creek Rd 6 Unit Apartment Building $639,000 ($106,500/Unit) Nehalem, OR 97131
INVESTMENT HIGHLIGHTS
- Vacant lot is cleared, level and developable
- Zoned for multi-use.
- Large backyard on .49 acres
- Located just outside Manzanita, 2 hours to PDX
EXECUTIVE SUMMARY
Contiguous to the Adventist Urgent Care Medical Facility, immediately adjacent to Hwy 101 (Pacific Coast Scenic Byway), the 2,911 Square Foot 2001 Manufactured Building has Six Offices and/or Bedrooms w/ 5.5 Bathrooms. The .49 Acre site (21,344 SF). is mostly tree lined on 3 sides, protected from future building due to terrain and protected lands. Parcel is zoned Commercial (MZ-C); allows for Medium Density Residential (R-2,R-3, R-4); includes mixed-use development, lodging, office, health related and other uses by Conditional Use Permit, see attached Zoning Docs. Recently vacated by Adventist Ambulance Service. Tucked away off Hwy 101, the private & versatile property has room for additional building(s), abundant onsite parking, rear deck with access ramp and two small outbuildings.
PROPERTY FACTS
| Price | $639,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $106,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| No. Units | 6 | Building Size | 2,911 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2001 |
| Zoning | MZ-C-1 - See attached Zoning document | ||
| Price | $639,000 |
| Price Per Unit | $106,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 2,911 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Zoning | MZ-C-1 - See attached Zoning document |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+5 | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | R0408774 | Improvements Assessment | $237,810 |
| Land Assessment | $79,370 | Total Assessment | $317,180 |
PROPERTY TAXES
Parcel Number
R0408774
Land Assessment
$79,370
Improvements Assessment
$237,810
Total Assessment
$317,180
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10425 Neahkahnie Creek Rd
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