$2,250,000
Tillamook, OR 97141
MLS# TC-12773
Status: Closed
89 beds | 62 baths
1 / 48
Property Description
Excellent investment opportunity with this 62 unit 4-building complex that is in good condition, has been well-maintained, has full tenancy, waiting list, reliable management and maintenance staff on site, 6.80 CAP rate, and seller would prefer to provide financing with 50% down at 6% amortized over 20 years with or without balloon. Full financial pkg available for review.
Details
Maps
Status Change Information
Status Change Timestamp: 2014-09-27
Price Change Timestamp: 2014-01-17T19:42:04Z
Purchase Contract Date: 2014-04-20
Close Date: 2014-09-16
Close Price: 2250000
Utilities
Electricity Available: 1
Sewer Connected: 1
Remarks
Tillamook Public Historical Details: Appliances: Range, Parking per Unit: 1
Appliances
Refrigerator: 1
Architectural Style
Contemporary: 1
Construction Materials
Frame: 1
Foundation Details
Concrete Perimeter: 1
Lot Features
Level: 1
Roof
Composition: 1
Water Source
Public: 1
Income and Expenses
Gross Income: 400883
Net Operating Income: 169974
Operating Expense: 210866
Unit Four Features
Range/Oven: 1
Refrigerator: 1
Unit One
Unit Number: 4
Beds Total: 3
Baths Total: 1
Parking Spaces: 1
Actual Rent: 695
Unit One Features
Range/Oven: 1
Refrigerator: 1
Unit Three
Unit Number: 13
Beds Total: 2
Baths Total: 1
Parking Spaces: 1
Actual Rent: 625
Unit Three Features
Range/Oven: 1
Refrigerator: 1
Unit Two
Unit Number: 7
Beds Total: 1
Baths Total: 1
Parking Spaces: 1
Actual Rent: 575
Unit Two Features
Range/Oven: 1
Refrigerator: 1
Showing Requirements
Appointment Only: 1
Historical Details
Historical MLS Number: 13-1087
Listing Information
Listing Association Name: Tillamook County BOR
Property Sub Type: Multi Family
Address
Street Number: 1007
Street Name: 5TH
Street Suffix: Street
State: OR
Postal Code: 97141
Directions: See attached map to all 4 buildings. DO NOT disturb tenants. Showings with accepted offer only.
Contract
Current Price: $2,250,000
Status: Closed
Begin Date: 2013-11-28
Sold Price: $2,250,000
Tax Legal
Tax Annual Amount: 12734
Tax Year: 2012
Tax Map Number: 1S-10-25-DB-11800
AssociationCommunity
Number of Units: 62
Interior
Bedrooms Total: 89
Bathrooms Total: 62
Building
Year Built: 1972
Lot
Lot Size Acres: 4.67
Lot Size Square Feet: 203425.2
Property Features
Utilities: Electricity Available; Sewer Connected; Electricity Available; Sewer Connected
Appliances: Refrigerator
Architectural Style: Contemporary
Construction Materials: Frame
Foundation Details: Concrete Perimeter
Lot Features: Level
Roof: Composition
Unit Four Features: Range/Oven; Refrigerator
Unit One Features: Range/Oven; Refrigerator
Unit Three Features: Range/Oven; Refrigerator
Unit Two Features: Range/Oven; Refrigerator
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: Berkshire Hathaway Homeservices NW
Office Email: mrobbins@bhhsnw.com
Last Updated: December - 13 - 2025
Information deemed reliable but not guaranteed.