3895 S Hemlock ST, Cannon Beach, OR 97110

$895,000
List Price
$895,000
Days on Market
69
MLS#
21053909
Property Type
Multifamily
Lot Size
5, 000 to 6, 999 SqFt
Region
Clatsop Co: Cannon Beach/Tolovana Park
Status
Pending

Property Description

Trifecta here, 3 for the price of one. This triplex is located just 2 blocks from the beautiful beach in Cannon Beach and an easy stroll to coffee and dining. The property offers so many options including as an income producer,a home away from home or even a family compound. There are 3 units in this complex, a studio, a 1 bedroom, and a 2 bedroom unit.They all have washer/dryers and are very nicely appointed.There is an oversized garage that can be rented for income also. Appointment required

Additional Information

Tax Amount
$4,624
Year Built
2001
High School
Seaside
Elementary School
Cannon Bch Acad
Middle School
Seaside
Terms
Cash, Conventional, Owner Will Carry, Contract
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity
Exterior Description
Cedar
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
Cumulative Days On Market
69
Sq Ft Approximate Building Total
2214
Capitalization Rate
4.77
Operating Expenses Actual
11395
Gross Income Actual
42720
Gross Rent Multiplier
20.95
Net Income Actual
42720
Occupancy Types
Leased, Month To Month, Vacant
Road Surface
Paved
Number Of Units Total
3
Unit Type One Baths Total
1
Unit Type One Beds Total
1
Unit Type One Rent
980
Unit Type One Sq Ft
800
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Rent
755
Unit Type Two Sq Ft
400
Unit Type Two Units Total
1
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
1700
Unit Type Three Sq Ft
1040
Unit Type Three Units Total
1

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 RE/MAX Coastal Advantage.

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