5218 NW JETTY AVE, Lincoln City, OR 97367

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List Price
$659,000
Price Change
▼ $5,500 1792790203
Days on Market
582
MLS#
518414587
Property Type
Multifamily
Sqft. of Residence
1,980
Lot Size
3, 000 to 4, 999 SqFt
Region
Lincoln County
Status
ACTIVE

Property Description

Motivated seller. Price greatly reduced. Ocean view duplex located in the Road’s End area of Lincoln City, with nearby public beach access. This property offers the opportunity for coastal income, or the option to occupy one unit and rent the other.The property is currently operated as a rental with an approximate 6.6% cap rate. The lower unit features two bedrooms and one bathroom, while the upper unit includes one bedroom and one bathroom.Conveniently located less than a mile from grocery stores, shopping, banks, and entertainment. All showings are by appointment only. Please do not disturb tenants.The property has a recorded view easement in place, preventing any structure from being built above the current height.One of the sellers holds an active real estate license in the state of Oregon."

Additional Information

Tax Amount
$6,004
Year Built
1966
High School
Taft
Elementary School
Oceanlake
Middle School
Taft
Acres
0.11
Living Area
1,980
Stories
2
Subdivision
BRAEMAR
Lot Size Dimension
50.49x100
Terms
Cash, Conventional
Cooling Description
None
Fuel Description
Gas
Heating Description
Forced Air
Hoa Rent Includes
Electricity, Gas, Sewer, Trash Collection, Water
Hot Water Description
Electricity
Exterior Description
Cement Siding
Roof Type
Built-Up
Sewer Description
Public Sewer
View
Ocean
Parking
Driveway
Security Or Entry
None
Parking Description
Driveway
Covenants/Restrictions
Yes
Road Surface
Gravel
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1865
Unit Type One Sq Ft
1148
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
1
Unit Type Two Units Total
1

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Listing courtesy of Taylor & Taylor Realty Co..

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