NOT LISTED FOR SALE

1007 5th St Tillamook, OR 97141

89 Beds
62 Baths
48,040 Sq Ft
4.67 Acres

Last Sold September 16, 2014

Last sale price $2,250,000 $47 Per Sq Ft

139 Days on Market

Highlights

  • 4.67 Acre Lot
  • Contemporary Architecture
  • 3-minute walk to Carnahan Park

About This Home

As of September 2014

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.

Last Agent to Sell the Property

Juli Gun

Berkshire Hathaway Homeservices NW License #200410009 Listed on: 12/02/2013

Last Buyer's Agent

Valerie Schumann

Berkshire Hathaway Homeservices NW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,734

Year Built

  • Built in 1972

Lot Details

  • 4.67

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 89 Bedrooms
  • 62 Bathrooms

Additional Features

  • Oven or Range
  • 4.67 Acre Lot

Community Details

Overview

  • 62 Units

Building Details

  • Operating Expense $210,866
  • Gross Income $400,883
  • Net Operating Income $169,974

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,734

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 4.67
  • Lot Size Sq Ft: 203425.2
  • Directions: See attached map to all 4 buildings. DO NOT disturb tenants. Showings with accepted offer only.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Total Bedrooms: 89

Exterior Features

  • Lot Features: Level
  • Construction Type: Frame
  • Foundation Details: Concrete Perimeter
  • Roof: Composition
  • Foundation Details: Concrete Perimeter
  • Roof: Composition

Utilities

  • Utilities: Electricity Available, Sewer Connected
  • Water Source: Public
  • Utilities: Electricity Available, Sewer Connected
  • Water Source: Public

Multi Family

  • Number Of Units Total: 62
  • Annual Gross Income: 400883.0
  • Property Net Operating Income: 169974.0
  • Annual Operating Expense: 210866.0

Tax Info

  • Tax Annual Amount: 12734.0
  • Tax Map Number: 1S-10-25-DB-11800
  • Tax Year: 2012
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/16/2014 09/16/14 Sold $2,250,000 0.0% $47 / Sq Ft
09/16/2014 09/16/14 Sold $2,250,000 +60.7% $47 / Sq Ft View Prior Sale
06/30/2014 06/30/14 Pending -- -- --
11/28/2013 11/28/13 For Sale $1,400,000 -- $29 / Sq Ft
Source: Oregon Coast Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,145 $405,690 $105,340 $300,350
2024 $4,902 $393,880 $102,270 $291,610
2023 $4,859 $382,410 $99,290 $283,120
2022 $4,702 $371,280 $96,400 $274,880
2021 $4,570 $360,470 $93,590 $266,880
2020 $4,452 $349,980 $90,860 $259,120
2019 $4,345 $339,790 $88,210 $251,580
2018 $4,240 $329,900 $85,640 $244,260
2017 $4,140 $320,300 $83,150 $237,150
2016 $3,994 $310,980 $80,730 $230,250
2015 $3,919 $301,930 $78,380 $223,550
2014 $3,857 $293,140 $76,100 $217,040
2013 -- $284,610 $73,880 $210,730
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Juli Gun

    Berkshire Hathaway Homeservices NW

  • Jules Martin

    Seller's Agent in 2014

    Jules Martin

    LUXE Forbes Global Properties

    (971) 808-9618

    1 in this area

    25 Total Sales

    Jules Martin
    Section Image

  • V

    Buyer's Agent in 2014

    Valerie Schumann

    Berkshire Hathaway Homeservices NW

See All Agents

Map

Source: Oregon Coast Multiple Listing Service

MLS Number: TC-12773

Oregon Coast Multiple Listing Service
Oregon Tillamook County Tillamook 97141

1007 5th St, Tillamook, OR

Not Listed for Sale

MultiFamily

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