2020 NE Hwy 101, Lincoln City, OR 97367 (MLS# 17-2700)


$430,000
2020 NE Hwy 101
Lincoln City, OR 97367
MLS# 17-2700
10 beds  |  9 baths  |  2960 sqft


2020 NE Hwy 101, Lincoln City, OR 97367
  1 / 13  
2020 NE Hwy 101, Lincoln City, OR 97367 Nice color scheme Big space New flooring With eating counter 2020 NE Hwy 101, Lincoln City, OR 97367 2020 NE Hwy 101, Lincoln City, OR 97367 Big area - room for multiple beds 2020 NE Hwy 101, Lincoln City, OR 97367 2020 NE Hwy 101, Lincoln City, OR 97367 2020 NE Hwy 101, Lincoln City, OR 97367 2020 NE Hwy 101, Lincoln City, OR 97367 2020 NE Hwy 101, Lincoln City, OR 97367

Property Description
INVESTORS REJOICE!!! So many options for this commercially zone 6 plex plus vacant commercial 50 x 100 lot in back. Rare opportunity - first time on market in 12 years. Great CAP rate with some long term tenants. Quick occupancy with any vacancies. Many repairs and maintenance completed in last few years. Updated plumbing and all new wiring. Seperate meters.

Details
Maps
Contract Information
Current Price: $430,000
List Price: $430,000
Bank/Lender Owned?: No
Sh Sale/3rd Pty App?: No
General Property Description
Book Section: Multi-Dwelling
Realtor.COM Type: Multi-Family
Major Area: LCGB - Lincoln City UGB
Area: NLNE - Lincoln City NE
Frontage: None
Primary View: Ocean
Frontage/View Remarks: Ocean view from upstairs Unit 1, ocean peeks from Unit 1 & 6
Secondary View: None
Total Bedrooms: 10
Total Bathrooms: 9
Total SqFt.: 2960
Year Built: 1935
Lot Size: Irreg + 50 X 100
# of Acres: 0.33
Style: Chalet
Basement: Yes
Garage Type: None
Location, Tax and Other Information
House Number: 2020
Street Direction Pfx: NE
Street Name: Hwy 101
County: Lincoln
State/Province: OR
Postal Code: 97367
Property ID: R197986 + R124510
Taxes: 3910.92
Tax Year: 2016
Parcel Nbr: 071110DA-8800-00
Subdivision: Raymond Townsite
Zoning: Gen Cm
Hwy 101: East Side
Directions: NE Hwy 101 to address. Just south of Oscars
Status Change Info
Status: Active
Legal
Tax Map#: 071110DA
Tax Lot#: 00880 + 01600
Block: n/a
Lot: 1,2 & 3
Tax District: 412
Neighborhood Code: L115 & L212
Miscellaneous
# Units: 6
Basement: Yes
Possession: COE
Escrow Preference: Western Title
Income
Gross Income: 52272
Expense
Total Oper. Expenses: 14088
Financials Available: Yes
Rental Information
Lease Information: Unit 5 on 6 mo lease
Rent$: 4356
External Features
Exterior Color: Blue
Parking Spaces: 8
Internal Features
Water Heater: Electric
Property Features
Rental Information: Rent By the Month
Roof: Compostion
Siding: Hardi Plank; Shake
Foundation: Con/Post
Deck/Patio: None
Outbuildings: Shed
Street Surface: Paved
Internal Features: Washer/Dryer; Range/Oven; Refrigerator
Ceiling: Flat
Flooring: Carpet; Vinyl
Walls: Paint
Heating/Cooling: Baseboard - Electric; Other - Heat
Water: City Property
Electric: On Property
Gas: On Property
Sewer: City Property
Sellers Terms: 1031; Cash; Conventional

Listing Office: Emerald Coast Realty, Inc. Depoe Bay

Last Updated: September - 17 - 2018

Information deemed reliable but not guaranteed.

Sunday 21st of October 2018 12:16 PM