315 5th Ave, Seaside, OR 97138

For sale by owner. Not on MLS. I am not a Realtor. Please email me for a link to more photos. Only 1 1/2 blocks to the beautiful Seaside Promenade and Beach and just a couple more to downtown! Stroll down the historic Prom or ride your bike to Tillamook Head. Well maintained 1969 built 4-plex. Newer windows. 3 -- 2 bedroom and 1 bath units, 1 -- 1 bedroom unit, and a coin operated laundry room with extra storage. Approximately 3,000 sq. ft. low maintenance, all electric building. City water and sewer. Parking for 5 cars. Small courtyard. Seaside is a very high demand rental area. I have never even had to put an ad in the paper. Tenants find me. Current tenants have been great with no problems. Rents are $899, $895, $795 (on Aug 1), and $630 with an upside potential. Common area electricity runs about $50 monthly, water/sewer $80, trash $50, and taxes $4,000 annually. (The $795 rent reflects a discount of $100 given to the onsite caretaker.) Rent 3 units out and keep one for yourself. Great weekend or 2nd home. Live the beach lifestyle you have always wanted and make some money too! Manage it yourself or use one of the professional companies in town. http://www.cityofseaside.us/ http://www.seasidechamber.com/ http://www.city-data.com/city/Seaside-Oregon.html http://www.seasideor.com (Has extensive area photos.) Please, serious buyers only. Good credit and 25% down is a must for this kind of financing. Please contact a lender first to see if you qualify. Call 206-651-4519