29 Nehalem St - Apartments FOR SALE


Clatskanie, OR 97016
$499,900 USD
818-384-6004
29 Nehalem St, Clatskanie, OR for Sale
$499,900 USD
Apartments - FOR SALE
1/18
null | 7.3% Cap Rate

29 Nehalem St
Clatskanie, OR 97016


HIGHLIGHTS

  • Great Investment or Owner User property

OVERVIEW

Multifamily + 1 office space! Great visibility & upside in this mixed-use, two-story building in the center of Clatskanie, Oregon just off HWY 30! The Town has many yummy restaurants and interesting retail shops. There are many community Events across the street in the huge park with a great community pool. It is close to Longview WA and a short drive to Astoria OR. The building is approx. 4,114 SF and sits on top of 5,451 SF of land. The ground floor includes an approx. 1,200 SF commercial space leased to State Farm Insurance and a residential unit behind the commercial space with one bedroom/one bathroom. The second floor has three fully leased units; two large units with one bedroom/one bathroom and a unit with two bedrooms/one bathroom. The property includes seven uncovered parking spaces. This property has great potential upside if rents are brought to market rates. Currently offering a 7.3% CAP Rate and a GRM of 9 times gross. Call today for more details.

FOR SALE DETAILS

PRICE

$499,900 USD

PRICE/SF

$101 USD /SF

# OF UNITS

-

CAP RATE

7.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily plus 1 office space

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,449 SF

ZONING

C1

APN/PARCEL ID

0501074080420260000

ASK ABOUT THIS PROPERTY

Robert Lee WaltersLeland PropertiesMore Info
818-384-6004

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Robert Lee WaltersLeland PropertiesMore Info
818-384-6004

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