Courtesy: Windermere Heritage
503-639-7914
Coming soon to the market, this exceptional multi-family investment property in desirable Gearhart. Thoughtfully designed, built in 2019 with quality craftsmanship, durability and low maintenance in mind making it an attractive addition to any investment portfolio. Four spacious 1,718 sq ft units with 3 bedrooms, 2-1/2 bathrooms each. Every unit has an appealing modern aesthetic with 9ft ceilings bringing in lots of natural light and use of materials such as quartz countertops in the kitchen and bathrooms, stainless steel appliances and engineered hardwood flooring. The kitchen offers a walk-in pantry as well as an island with extra seating space for 3-4. The layout of each unit makes the most of its usable space with an open first floor, efficient design and all bedrooms and two full bathrooms on the second story. Primary bedroom has an en suite bathroom with a walk-in shower and dual sinks. Each townhome-style unit has a private driveway, a one car garage and stackable washer/dryer. Additional parking spaces available on site. Each unit opens to a private fenced-in patio and backyard. This turnkey investment property is ideally situated near north coast amenities. Convenient to the beach, restaurants, shopping and recreational activities. This is an investment property that offers strong upside potential in an area that has experienced high demand for rental properties with hundreds of applications for available units. Strong rental history with documented tenant records available. Great opportunity for a hands-on investor, owner/occupant, investment portfolio or 1031 exchange.
Gearhart is located in Oregon. Gearhart, Oregon has a population of 1,955. Gearhart is more family-centric than the surrounding county with 27.73% of the households containing married families with children. The county average for households married with children is 25.99%.
The median household income in Gearhart, Oregon is $91,985. The median household income for the surrounding county is $61,846 compared to the national median of $69,021. The median age of people living in Gearhart is 47.5 years.
The average high temperature in July is 66.9 degrees, with an average low temperature in January of 37.9 degrees. The average rainfall is approximately 91.3 inches per year, with 1 inches of snow per year.
