Updated 12 unit multifamily on Highway 101 in the heart of Garibaldi. 10 Studio units and 2 One Bedroom units; onsite laundry. Professionally managed, with new roof, new vinyl windows, new paint and newly repaired sewer lateral complete. Seller has renovated units as they have become available, and made efficiency updates throughout all units. C-1 zoning creates opportunities for redevelopment in the future. Coming public infrastructure improvements on Highway 101 and along the Salmonberry Trail make the future bright for this investment opportunity.
Garibaldi is located in Oregon. Garibaldi, Oregon has a population of 839. Garibaldi is less family-centric than the surrounding county with 18.22% of the households containing married families with children. The county average for households married with children is 21.56%.
The median household income in Garibaldi, Oregon is $37,875. The median household income for the surrounding county is $45,061 compared to the national median of $57,652. The median age of people living in Garibaldi is 54.4 years.
The average high temperature in July is 68 degrees, with an average low temperature in January of 37.3 degrees. The average rainfall is approximately 72.7 inches per year, with 0.2 inches of snow per year.