104 S 4TH AVE, Rockaway Beach, OR 97136

$398,000
List Price
$398,000
Days on Market
23
MLS#
20191864
Property Type
Multifamily
Lot Size
7, 000 to 9, 999 SqFt
Region
Tillamook County
Status
Pending

Property Description

The Inn at Rockaway is a long time favorite hotel get-a-way in Rockaway Beach. Highway frontage & a quick walk to the beach or Clear Lake make the location choice. Current owner has refurbished the building once during her ownership & the building deserves it again. Zoned commercial & for many years a thriving hotel, the units are now being rented on a month-to-month basis. All tenants are in the process of vacation. Property being sold in AS IS condition.

Additional Information

Tax Amount
$2,364
Year Built
1912
High School
Neah-Kah-Nie
Elementary School
Garibaldi
Middle School
Neah-Kah-Nie
Stories
2
Terms
Cash
Fuel Description
Electricity
Heating Description
Wall Furnace
Exterior Description
Lap Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public
View
Ocean
Cumulative Days On Market
23
Sq Ft Approximate Building Total
4224
Capitalization Rate
9.65
Operating Expenses Actual
9000
Gross Income Actual
47400
Gross Rent Multiplier
8.40
Net Income Actual
38400
Occupancy Types
Month To Month
Covenants/Restrictions
No
Road Surface
Paved

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of The Howard Martin Firm Inc.

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