2421 S Edgewood ST Seaside, OR97138

$625,000
2 total units
6 total bedrooms
6 total bathrooms
$58,492 annual income
Capitilization Rate: 5.22
3000 total sq. ft
7,000 to 9,999 SqFt
Elementary School: Seaside Hts
Middle School: Broadway
High School: Seaside
Zoning: R2
1562 days on market

VestorFilter™

Price per unit$312.5K/unit
Price per ft²$208.33/ft²
Price per acre$3.8M/ac
Price per bedroom$104.2K/bed
Time on market1562 days

Property Description

DUPLEX - Rare opportunity for investors on golf course frontage just a half block from the beach. Each side is 3 bedroom/ 2.5 baths with 2-car garage & private backyard. Currently Unit #2421 is a long-term rental & Unit #2423 is a nightly rental. Utilities separately metered & common wall constructed to code to allow division into 2 Townhomes. Great location to enjoy one unit as you vacation home & rent the other unit. One full year of rental history with excellent potential to grow the income!

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Financial Data

Date Sold2020-04-27
Sold Price$625,000
Original Price$650,000
Current Price$625,000
Property Taxes$6,441

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Home Facts

StatusSold
Year Built2018
Stories2
Green/Energy SupplementNo
Exterior Features
MLS ID19628618

Unit Details

Unit 1
Unit 2