5105 CRAB AVENetarts, OR97143
$3,845,000
26 total units
$627,000 annual income
Capitilization Rate: 7.8
11775 sq. ft
Acres1to3
Elementary School: Liberty
Middle School: Tillamook
High School: Tillamook
Zoning: NTC1
811 days on market
TourVestorFilter™
Price per unit$147.9K/unit
Price per ft²$326.54/ft²
Time on market811 days
Property Description
BEACHFRONT portfolio includes 4 bdrm 2 bath 1940 2-story home plus 6 rental cabins with full kitchens, plus 20 motel-type units, many with kitchens. Includes multiple lots of record, so this property can be sold in 4 or 5 stand-alone segments, or rented as 10 or more full time occupancy units and 16 , or operate the entire portfolio as one motel complex. vacation rentals. Live in the main house and rent the rest or sell off pieces. Currently functioning as Terimore Lodging by the Sea.
{{ compliance-logo }}Listing Provided By Berkshire Hathaway HomeServices NW Real Estate
Financial Data
Date Sold2022-07-08
Sold Price$3,300,000
Original Price$3,845,000
Current Price$3,845,000
Property Taxes$4,997
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Home Facts
StatusClosed
Year Built1940
Exterior Features
MLS ID22217498
Unit Details
Unit 1
Unit 2
