4-Plex, Ocean View Upscale units, $1,019,000

Rockaway Beach, OR (Tillamook County)

4-Plex, Ocean View Upscale units, $1,019,000
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Asking Price: $1,019,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: N/A

4-Plex, Ocean View Upscale units, $1,019,000

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Business Description

These are profitable vacation rentals on the coast. Owners use management to fill these rental units. Always in demand.

These amazing four-unit apartments provide vacation income for the owner.
For visiting guests it has a home-away-from home atmosphere with the attraction of a north coastal beach front location. All units have ocean views from large windows and decks with chairs. Visitors can take walks with easy, direct access to the beach.

Recent remodeling work of every unit provides an upscale appearance with hardwood and tile floors, stainless steel appliances, tile showers with glass doors, and brushed chrome fixtures. All units are fully furnished to feel like a home with leather couches, lounge chairs, and solid wood tables with matching chairs. One unit even has a fireplace!

For dining flexibility, three units have full kitchens with refrigerator, stove, oven, dishwasher, microwave. Dishes, utensils, drinking glasses, and cooking items allow entire meals to be made. The efficiency unit has a refrigerator and microwave for guests who prefer to leave the cooking to others.

Shops and restaurants are nearby.

In 2018, in only nine months, three apartments brought in $48,373 after paying for 24 hour management. The fourth apartment was kept for the owner’s own enjoyment. 2019 gross income, after management fees, is expected to top $62,000 for only three apartments.

Please do not disturb customers or businesses about this property as the public does not know it is for sale. We can arrange a tour.

Detailed Information

Location:
Rockaway Beach, OR
Real Estate:
Owned
Building SF:
N/A
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George Thompson

Business Listed By:
George Thompson

MORE Realty, Inc.

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