TURN-KEY CASH FLOWING TRI-PLEX WITH HUGE EQUITY! BETTER THAN THE 1% RULE!
SOLD $249,500 O.B.O.!
1707 12th St, Tillamook, OR 97141
This is a great deal on this triplex in Tillamook, Oregon. This is a legal triplex with 3 separate units and 3 separate power meters and separate electrical panels. Each tenant pays their own power and each unit has a carport. There are two 1-bedroom units upstairs and both are occupied by good, paying tenants! There is a 3 bedroom unit that is vacant and ready to rent. This building has had a long term owner who has taken good care of the building. It has a good metal roof and newer vinyl windows. The two tenants are on month to month leases and they have been in place less than one year. They are paying below market rents. All tenants are current on rents.
UNIT #1: 1 bedroom/bath – occupied – Renter pays $650/month. Month to month lease signed in July, 2020. Current on rent. Landlord pays water/sewer/garbage. Tenant pays power.
UNIT #2: 1 bedroom/bath – occupied – Renter pays $775/month. Month to month lease signed in September, 2020. Current on rent. Landlord pays water/sewer/garbage. Tenant pays power.
UNIT #3: 3 bedroom/bath – vacant – should rent for $1400/month. (3rd bedroom has no closet).
PER SELLERS’ REQUEST DUE TO COVID, WE WILL NOT BE SHOWING THIS PROPERTY. PLEASE MAKE OFFERS BASED ON PHOTOGRAPHS. DO NOT DISTURB OCCUPANTS.
ALL OFFERS DUE BY 3-31-21 AT NOON!
House is occupied - Do Not Disturb Tenant!
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#1. There is no underground oil tank.