3456 NE West Devil's Lake Rd | Lincoln City, OR 97367
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- LoopNet Team
3456 NE West Devil's Lake Rd
Lincoln City, OR 97367
Terrace Gardens · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- BELOW MARKET RENTS - current rents are approximately 20% below market
- RECENT UPGRADES INCLUDE newer windows, newer parking lot, some decks, and partial roof replacement
- NEAR MAJOR EMPLOYER - Chinook Winds Casino and Resort is a mile away
- EXCELLENT UNIT MIX of one, two, and three bedroom units with amazing lake views
- COMMON AMENITIES - on-site laundry facilities, green space, garages and covered parking; boat slip easement included
PROPERTY FACTS
| No. Units | 20 | Building Size | 24,580 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 0.81/1,000 SF |
| Lot Size | 1.27 AC | ||
| Zoning | R-M | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.27 AC |
| Building Size | 24,580 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.81/1,000 SF |
| Zoning | R-M |
AMENITIES
UNIT AMENITIES
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Courtyard
- Laundry Facilities
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 |
| 2+1 | 12 | - | 700 |
| 3+2 | 4 | - | 900 |
PROPERTY TAXES
| Parcel Number | R80591 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,332,920 |
PROPERTY TAXES
Parcel Number
R80591
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,332,920
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