1715 S Franklin St - Apartments FOR SALE


Seaside, OR 97138
$1,700,000 USD
503-440-0130
1715 S Franklin St, Seaside, OR for Sale
$1,700,000 USD
Apartments - FOR SALE
1/15
null | 5.71% Cap Rate

1715 S Franklin St
Seaside, OR 97138


HIGHLIGHTS

  • Close to River and the ocean.
  • complex of 4 duplexes with possibility of one more duplex that could be added with city approval
  • Each unit has their own private yard and a garage with driveway parking also

OVERVIEW

The Necancium River flows to the east of the property and the beach 6 blocks to the west of this property that is tucked in to a less traveled neighborhood and lends itself to quiet living. Well-maintained with four duplexes. This 8 plex is a gem. All units have their own private fenced yards, a garage, as well as a Washer and Dryer. Services are just a few blocks away with the Seaside Golf Course and resturant, a market and two other resturants which are easily accessable. Showings will be allowed with a mutually agreed upon purchase and sale agreement. Appointment needed to view or walk the property. Do not disturb the tenants or execute a drive through without an appointment. There may be potential for one more duplex on this property. Buyer to check with City if interested. A permit that is now expired was issued for the additional duplex in 2021. Drawings are available if interest is there.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

8

PRICE/UNIT

$212,500

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Wood Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-1

APN/PARCEL ID

12640

ASK ABOUT THIS PROPERTY

Cindy Hawkins ColleyHeron RealtyMore Info
503-440-0130

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Cindy Hawkins ColleyHeron RealtyMore Info
503-440-0130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.