3096 HIGHWAY 101 N, Gearhart, OR 97138

$1,500,000
6,872
SqFt

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List Price
$1,500,000
Days on Market
14
MLS#
351146141
Property Type
Multifamily
Sqft. of Residence
6,872
Lot Size
15, 000 to 19, 999 SqFt
Region
Clatsop Co: Gearhart East
Status
ACTIVE

Property Description

Coming soon to the market, this exceptional multi-family investment property in desirable Gearhart. Thoughtfully designed, built in 2019 with quality craftsmanship, durability and low maintenance in mind making it an attractive addition to any investment portfolio. Four spacious 1,718 sq ft units with 3 bedrooms, 2-1/2 bathrooms each. Every unit has an appealing modern aesthetic with 9ft ceilings bringing in lots of natural light and use of materials such as quartz countertops in the kitchen and bathrooms, stainless steel appliances and engineered hardwood flooring. The kitchen offers a walk-in pantry as well as an island with extra seating space for 3-4. The layout of each unit makes the most of its usable space with an open first floor, efficient design and all bedrooms and two full bathrooms on the second story. Primary bedroom has an en suite bathroom with a walk-in shower and dual sinks. Each townhome-style unit has a private driveway, a one car garage and stackable washer/dryer. Additional parking spaces available on site. Each unit opens to a private fenced-in patio and backyard. This turnkey investment property is ideally situated near north coast amenities. Convenient to the beach, restaurants, shopping and recreational activities. This is an investment property that offers strong upside potential in an area that has experienced high demand for rental properties with hundreds of applications for available units. Strong rental history with documented tenant records available. Great opportunity for a hands-on investor, owner/occupant, investment portfolio or 1031 exchange.

Additional Information

Tax Amount
$7,577
Year Built
2019
High School
Seaside
Elementary School
Pacific Ridge
Middle School
Seaside
Garage Spaces
4
Acres
0.43
Living Area
6,872
Stories
2
Terms
Cash, Conventional, FHA, VA Loan
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
Sewer, Trash Collection, Water
Hot Water Description
Gas
Exterior Description
Cement Siding
Roof Type
Composition
Sewer Description
Septic Tank
Parking
Attached, Off Street
Security Or Entry
Fire Sprinkler System
Parking Description
Attached, Off Street
Road Surface
Paved
Number Of Units Total
4
Unit Type One Baths Total
3
Unit Type One Beds Total
3
Unit Type One Rent
1800
Unit Type One Sq Ft
1718
Unit Type One Units Total
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Windermere Heritage.

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