NOT LISTED FOR SALE

2181 Hamilton Ave North Bend, OR 97459

3 Beds
2 Baths
13,856 Sq Ft
0.73 Acre Lot

Sale Details

Date 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

  • 31,798 Sq Ft 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

0.73 Acres

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1971
  • Property Condition: UpdatedRemodeled
  • Property Attached Yn: No
  • Current Price For Status: 1450000.0
  • 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 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 11, 2024
Sold by
Bought by
Seller's Agent
Joel Sweet
Pacific Properties
Buyer's Agent
Joe Aguirre
Pacific Coast Real Estate & Development, LLC
List Price
$1,800,000
Sold Price
$1,450,000
Premium/Discount to List
-$350,000
-19.44%
Views
25

Purchase Details

Listed on
Nov 3, 2014
Closed on
Feb 20, 2015
Sold by
Bought by
Seller's Agent
Ray Penny
All State Real Estate
Buyer's Agent
Raya Ziegler
Raya Ziegler Real Estate
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$738,000
Interest Rate
0.036%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ticor Title
$1,000,000 Ticor Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $738,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,180 $755,420 -- --
2024 $11,285 $733,420 -- --
2023 $0 $0 $0 $0
2022 $0 $0 $0 $0
2021 $9,875 $0 $0 $0
2020 $9,875 $0 $0 $0
2019 $9,875 $0 $0 $0
2018 $0 $0 $0 $0
2017 $9,875 $0 $0 $0
2016 $9,875 $0 $0 $0
2015 $9,875 $0 $0 $0
2014 $9,875 $620,280 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 24429801

Regional Multiple Listing Service (RMLS)
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