Listing Courtesy of: Greg Messick - RealtyNET, LLC
800-883-6905
$925,000
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1010 IVY Ave Unit 1010 Tillamook, OR 97141
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
7,098
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Ivy Avenue Apartments is located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Four of the one-bedroom units match floorplans in ot...her units that have been converted to two-bedroom units, allowing for an additional $75 monthly increase. A savvy investor could continue that conversion path to achieve greater rent upside during their ownership. Prospective Buyers to do their own due diligence on feasibility of conversion.Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.
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MLS#
624308093
Property Type
Multi-Family
Status
Year Built
1938
Square Feet
7,098
sq. ft
Lot Size
0.3
Sewer
Public Sewer Available
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