Refine Search

1110/1120 Meadow Ave, Tillamook, OR 97141

$1,250,000

21 Total Photos [Click to View All]

Property Description

Rare Investment Opportunity! Two well-maintained 4-plexes on adjacent tax lots totaling 1.13 acres, sold together as a package. Fully occupied with long-term tenants and room for upside as rents remain below market. Each unit is separately metered and served by public water and sewer. Excellent ''end-of-the-road'' location backing East Elementary offering privacy and a wooded setting tenants love. Seven, one-level, 2BD/1BA units and one larger 3BD/2BA unit with 2BD/1BA on main level and primary suite upstairs with deck. Detached 1,153 sq ft three-bay shop, paved parking. Solid roofs, siding, paint, and vinyl windows. Ample parking. A local favorite with consistent, reliable income and strong rental history. A solid investment with terrific upside potential.

1110/1120 Meadow Ave | MLS# 218336059

This multi-family property located at 1110/1120 Meadow Ave, Tillamook, OR 97141 is currently listed for sale with an asking price of $1,250,000. Search Tillamook real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Fuel Type: Electricity
Heating: Baseboard, WallHeater
Roof Type: Composition, Shingle
Stories: 2.0
Taxes: $10,953
Year Built: 1972
Square Feet: 8,198

Units

Unit Type 1:
Bathroom(s): 4
Bedrooms: 8
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $4465.00
Square Footage: 3776
Total Units: 1
Unit Type 2:
Bathroom(s): 5
Bedrooms: 9
Features: Dishwasher, Range, Refrigerator, WasherDryerHookup
Rent: $3920.00
Square Footage: 4422
Total Units: 1

Feature Descriptions

Days on Site: 192
Exterior: T-111 Siding
Gross Income: $100620.00 (Actual)
Hot Water: Electricity
Lot: Flag Lot, Level, Private
Net Income: $70500.00 (Actual)
Operating Expenses: $30120.00 (Actual)
Parking: Driveway, Paved
Parking Notes: Driveway, Paved
Sewer: Public Sewer
Special View Info: Trees/Woods
Storage: Garage
Units: 2
Water: Public Water

Local Schools

High School: Tillamook
Middle School: Tillamook
Elementary School: East

Listed By / Shown By

Listed By

Agency Name: Rob Trost Real Estate LLC
Agency Phone: 503-842-9090

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

IDX logo

Estimate Your Payment

Estimated Payment

$ 7,598.01 per month $6,320.68 Principal & Interest $912.75 Property Tax $364.58 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Login to My Homefinder

Pixel