805 GARIBALDI AVEGaribaldi, OR97118
$1,250,000
12 total units
$117,540 annual income
Capitilization Rate: 7.64
4265 sq. ft
0.42 acres
SqFt15000to19999
Elementary School: Garibaldi
Middle School: Neah-Kah-Nie
High School: Neah-Kah-Nie
Zoning: C-1
34 days on market
VestorFilter™
Price per unit$104.2K/unit
Price per ft²$293.08/ft²
Price per acre$2.98M/ac
Time on market34 days
Property Description
Updated 12 unit multifamily on Highway 101 in the heart of Garibaldi. 10 Studio units and 2 One Bedroom units; onsite laundry. Professionally managed, with new roof, new vinyl windows, new paint and newly repaired sewer lateral complete. Seller has renovated units as they have become available, and made efficiency updates throughout all units. C-1 zoning creates opportunities for redevelopment in the future. Coming public infrastructure improvements on Highway 101 and along the Salmonberry Trail make the future bright for this investment opportunity.
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Financial Data
Original Price$1,250,000
Current Price$1,250,000
Property Taxes$6,377
Find On Map
Home Facts
StatusActive
Year Built1953
Exterior Features
MLS ID24523202
Unit Details
Unit 1
Unit 2
