OR > Tillamook
Tillamook, OR 97141,1010 IVY AVE
Tillamook, OR 97141,1010 IVY AVE
Tillamook, OR 97141,1010 IVY AVE
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Mike Farrell

Mike Farrell

+1(360) 910-1926
Listed by RealtyNET, LLC
$925,000
Est. payment /mo
7,098 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,098 sqft

Price per Sqft $130

MLS Listing ID 624308093

Year Built 1938

Annual Tax Amount $3,150

Tax Year 2024

Lot Size 0.300 Acres

Property Description

Ivy Avenue Apartments is located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Four of the one-bedroom units match floorplans in other units that have been converted to two-bedroom units, allowing for an additional $75 monthly increase. A savvy investor could continue that conversion path to achieve greater rent upside during their ownership. Prospective Buyers to do their own due diligence on feasibility of conversion.Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.

Location

State OR

County Tillamook

Community Laundry

Area _195

Zoning Res

Rooms

Basement None

Interior

Heating Wall Heater

Cooling None

Exterior

Community Features Laundry

Roof Type Composition

Garage No

Building

Lot Description Level

Story 1

Foundation Other

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools South Prairie

Middle Schools Tillamook

High Schools Tillamook

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)
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1010 IVY AVE

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