4422 SW Beach Avenue, Lincoln City, Oregon 97367

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Great Opportunity to purchase a 6-unit in a high demand rental market. Property consists of one 4 plex and one 2 unit converted home. Rents are below market and management is not fully capturing utility expenses. The current as-is cap rate is about 5.2%, Proforma cap rate is 7.2% by simply capturing utility expenses through RUB's with out any increases to base rent.
  • 4 of the units have ocean views.
  • Nice hard wood floors.
  • Upgraded Electrical meter pack and panels.
  • Classy 1940 character in the units.
  • 4 Garages.
  • On site laundry.
Surrounded by many high end homes and in a great location in Southern Lincoln City, with the beach just a block away.
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For Sale
For Sale
Price
$575,000
Location
4422 SW Beach Ave. Lincoln City, Oregon
United States
97367
Building Size
4,800
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