1107-1125 SW Coast Highway, Newport, OR 97365 (MLS # 24-2278)
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Fully renovated mix/use commercial building with (3) residential Oceanview apartments and (3) commercial spaces downstairs. Ocean View from all apartments and some bridge views. Building was completely re-wired and plumbed to the street in 2017 & 2018. Ductless heating systems in all units with A/C. Natural Gas with all tankless hot water on demand hot water systems. Fiber optic internet & phones. New hardy plank siding, vinyl windows and roof in 2017. Interior has had extensive modern remodel with new floors, walls, sheetrock, kitchen, offices and bathrooms. Attention Investors, this building pencils better than anything in Newport. Over 100k gross per year income and offered at over an 8 Percent Cap rate. Manager of LLC is a licensed Real Estate Broker. Excellent Tenant History.
| DAYS ON MARKET | 36 | LAST UPDATED | 10/16/2024 |
|---|---|---|---|
| TRACT | Bayley and Case's | YEAR BUILT | 1928 |
| COMMUNITY | Newport/South Beach | COUNTY | Lincoln |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | Newport/South Beach |
|---|---|
| LOT | 4792 sq ft |
| SUBDIVISION | Bayley and Case's |
| TAXES | 9363 |
| UTILITIES | Natural Gas Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
| ZONING | C-1 Commercial |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Data Last Updated: 11/21/24 2:12 AM PST
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