Bought with Rob Trost Real Estate LLC
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5105 CRAB AVE Netarts, OR 97143
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Key Details
Sold Price $3,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,775 sqft
Price per Sqft $280
Subdivision On The Beach
MLS Listing ID 22217498
Sold Date 07/08/22
Year Built 1940
Annual Tax Amount $4,996
Tax Year 2021
Property Description
BEACHFRONT portfolio includes 4 bdrm 2 bath 1940 2-story home plus 6 rental cabins with full kitchens, plus 20 motel-type units, many with kitchens. Includes multiple lots of record, so this property can be sold in 4 or 5 stand-alone segments, or rented as 10 or more full time occupancy units and 16 , or operate the entire portfolio as one motel complex. vacation rentals. Live in the main house and rent the rest or sell off pieces. Currently functioning as Terimore Lodging by the Sea.
Location
State OR
County Tillamook
Community Laundry
Area _195
Zoning NTC1
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Exterior
Community Features Laundry
Waterfront Yes
Waterfront Description BayFront
View Ocean
Roof Type Composition
Parking Type Open
Garage No
Building
Lot Description Level, Ocean Beach One Quarter Mile Or Less, Sloped
Story 3
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Liberty
Middle Schools Tillamook
High Schools Tillamook
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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