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

Highlights

  • Contemporary Architecture
  • Level Lot
  • 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 NW RE License #200410009 Listed on: 09/16/2014

Last Buyer's Agent

Valerie Schumann

Berkshire Hathaway NW RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,734

Year Built

  • Built in 1972

Lot Details

  • 4.67 Acre Lot
  • Level Lot

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof
  • T111 Siding
  • Concrete Perimeter Foundation

Kitchen

  • Oven or Range
  • Range<<rangeHoodToken>>

Bedrooms and Bathrooms

  • 89 Bedrooms
  • 62 Bathrooms

Parking

  • No Garage
  • 1 Car Parking Space

Community Details

Overview

  • 62 Units

Building Details

  • 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

  • LIST135: 139
  • Listing Member Name: Juli Gun
  • Listing Office Short Id: 35
  • Minorarea: Tillamook
  • Open House Office I D: 20060113214315648614000000
  • Prop. Type: Multi-Family
  • Selling Member Short Id: sch
  • Selling Office Short Id: 35
  • Street Sfx: Street
  • Building Style: Contemporary
  • Year Built: 1972
  • Financing Annual Expenses: 210866.00
  • Financing Annual Income: 400883.00
  • Financing Annual Vacancy: 20,040
  • Financing Net Operating Income: 169974.00
  • Multi Family Info: Unit 1/Range/Oven, Unit 1/Refrigerator, Unit 2/Range/Oven, Unit 2/Refrigerator, Unit 3/Range/Oven, Unit 3/Refrigerator, Unit 4/Range/Oven, Unit 4/Refrigerator
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Range, Refrigerator
  • Total Bathrooms: 62.00
  • Basement Type: Five+ Plex

Exterior Features

  • Exterior Construction: Frame
  • Exterior: T111 Type
  • Foundation: Concrete Perimeter
  • Number of Acres: 4.67
  • Roof: Composition
  • Topography: Level

Garage/Parking

  • Garage Type: None

Utilities

  • Sewer: Sewer Connected
  • Utilities: Electricity Available
  • Hot Water: Public

Condo/Co-op/Association

  • Units in Building: 62

Fee Information

  • Taxes: 12734.00

Lot Info

  • Zoning: TM-R7

Tax Info

  • Tax Year: 2012

Multi Family

  • Total Bedrooms: 89
  • Parking Per Unit: 1

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
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
06/30/2014 06/30/14 Pending -- -- --
11/28/2013 11/28/13 For Sale $1,400,000 -- $29 / Sq Ft
Source: Tillamook Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Juli Gun

    Berkshire Hathaway NW RE

  • Jules Martin

    Seller's Agent in 2014

    Jules Martin

    LUXE Forbes Global Properties

    (971) 808-9618

    30 Total Sales

    Jules Martin
    Section Image

  • V

    Buyer's Agent in 2014

    Valerie Schumann

    Berkshire Hathaway NW RE

  • S

    Buyer's Agent in 2014

    Steve Schmitz

    John L. Scott Market Center

See All Agents

Map

Source: Tillamook Board of REALTORS®

MLS Number: 13-1087

Tillamook Board of REALTORS®

Oregon Tillamook County Tillamook 97141

1007 5th St, Tillamook, OR

This home is located at 1007 5th St, Tillamook, OR 97141 since 16 September 2014. This property was built in 1972. 1007 5th St is a home located in Tillamook County with nearby schools including Tillamook High School, Little Clipper Preschool, and Tillamook Adventist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Tillamook Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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