1007 SW Alder & 449 SW 10th St, Newport

Details
Acres0.34
Price$1,100,000
ZonedC-1
mapFlyer

7 Units – (5) 1 bed / 1 bath units, (1) 2 bed / 1 bath unit and (1) studio on separate tax lots

Property has been well maintained

6.49% cap rate on highest achieved rents

Plenty of rent upside

Located just blocks from Highway 101 with easy access to numerous amenities including shopping, restaurants and Oregon Coast attractions

Close proximity to Yaquina Bay Waterfront

Please do not disturb any of the residents

Submit offer to purchase subject to property inspection

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