NOT LISTED FOR SALE

2181 Hamilton Ave North Bend, OR 97459

3 Beds
2 Baths
13,856 Sq Ft
0.73 Acres

Last Sold April 15, 2024

Last sale price $1,450,000 $105 Per Sq Ft

5 Days on Market

Highlights

  • Ocean View
  • Zoned Heating
  • Laundry Facilities
  • Storage
  • Landscaped
  • High Speed Internet

About This Home

As of April 2024

Pacific Properties is Pleased to Present this Fantastic Investment Opportunity to Qualified Buyers. Village View Apartments is an 18 Unit Residential Apartment Complex in North Bend Featuring 2 Buildings with a Mix of (12) 1 Bedroom, 1 bath Units and (6) 2 Bedroom, 1 Bath Units Perched High on a Beautifully Landscaped, Excellent North Bend Location. Site Features and Fantastic Layout with Each Unit Including their Own Carport, Storage, and Balcony Providing Spectacular and Expansive Bay & Dunes Views. The Structures Have Been Well Maintained with Many Recent Updates including New Roofs, Siding, French Drain, Engineering... Interior of the Units are Cute and Clean & Feel Bigger than Expected. They have many Recent Upgrades including Flooring, Paint, Bathroom and Kitchen, Heaters, Fans etc. Large Complexes in Excellent Condition & Location like this One Rarely Become Available. DON'T MISS THE OPPORTUNITY TO ADD THIS GREAT ASSETT TO YOUR INVESTMENT PORTFOLIO!

Last Agent to Sell the Property

Joel Sweet

Pacific Properties Brokerage Phone: 541-290-9597 License #201214598 Listed on: 03/20/2024

Co-Listed By

Joe Aguirre

Pacific Coast Real Estate & Development, LLC Brokerage Phone: 541-290-9597 License #201012096

Last Buyer's Agent

Joe Aguirre

Pacific Coast Real Estate & Development, LLC Brokerage Phone: 541-290-9597 License #201012096

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,000

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • 0.73 Acre Lot
  • Landscaped
  • Terraced Lot

Property Views

  • Ocean
  • Bay
  • Dune

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Plywood Siding Panel T1-11
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storage
  • Basement Storage

Parking

  • 18 Parking Spaces
  • Carport
  • Assigned Parking

Schools

  • North Bend Middle School

Utilities

  • No Cooling
  • Zoned Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Rent includes ground maintenance, sewer, trashcollection, water
  • Assessor Parcel Number 7468600

Community Details

Overview

  • 18 Units

Amenities

  • Common Area
  • Laundry Facilities

Building Details

  • Operating Expense $80,845
  • Gross Income $150,024
  • Net Operating Income $69,178

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,000

Year Built

Built in 1971 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1971
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other, StorageSpace
  • Storage: Attached
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: Plywood,T111Siding,WoodSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: ConcretePerimeter, Slab
  • View: Yes
  • Lot Features: Terraced
  • Road Surface Type: Paved
  • Roof: Composition
  • View: Bay,Dunes,Ocean

Garage/Parking

  • Parking Description: Assigned, Carport
  • Attached Garage: No
  • Total Parking Spaces: 18.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Internet Service Type: Cable
  • Security: Sidewalk
  • Cooling: None
  • Cooling Y N: No
  • Heating: Zoned
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Condo/Co-op/Association

  • Community Features: AllLandscaping, Commons, Laundry

Schools

  • Middle Or Junior School: North Bend

Lot Info

  • Zoning: RM
  • Lot Size Acres: 0.73
  • Lot Size Sq Ft: 31798.0
  • Parcel #: 7468600

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2023
  • Tax Annual Amount: 25000.0

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2
  • Number Of Units Total: 18
  • Gross Rent Multiplier: 12.0
  • Annual Gross Income: 150024.0
  • Property Net Operating Income: 69178.0
  • Annual Operating Expense: 80845.0

Range of Values:

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Average Value
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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 List to Sale Price per Sq Ft Prior Sale
04/15/2024 04/15/24 Sold $1,450,000 -19.4% $105 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $1,800,000 +80.0% $130 / Sq Ft
02/25/2015 02/25/15 Sold $1,000,000 -16.7% $72 / Sq Ft View Prior Sale
11/18/2014 11/18/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $1,200,000 -- $87 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joel Sweet

    Seller's Agent in 2024

    Joel Sweet

    Pacific Properties

    (541) 290-9597

    326 Total Sales

    Joel Sweet
    Section Image
  • Joe Aguirre

    Seller Co-Listing Agent in 2024

    Joe Aguirre

    Pacific Coast Real Estate & Development, LLC

    (541) 290-9597

    138 Total Sales

    Joe Aguirre
    Section Image
  • Ray Penny

    Seller's Agent in 2015

    Ray Penny

    All State Real Estate

    (541) 297-7777

    24 Total Sales

    Ray Penny
    Section Image
  • Raya Ziegler

    Buyer's Agent in 2015

    Raya Ziegler

    Raya Ziegler Real Estate

    (541) 808-0575

    78 Total Sales

    Raya Ziegler
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24429801

Regional Multiple Listing Service (RMLS)
Oregon Coos County North Bend 97459

2181 Hamilton Ave, North Bend, OR

This home is located at 2181 Hamilton Ave, North Bend, OR 97459 since 20 March 2024. This property was built in 1971. 2181 Hamilton Ave is a home located in Coos County with nearby schools including Hillcrest Elementary School, North Bend Middle School, and North Bend Senior High School.

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