1107 SW Coast, Newport, OR 97365

Excellent Investment opportunity in Newport, Oregon. Currently being offered with an 8.5 percent cap rate which is very rare to be found on the Oregon Coast. Rents total over 106,000 annually. RMV - 1,043,000. In 2017/2018, seller replaced all siding, roof, windows, electrical, plumbing, gas lines and much more! Building consists of three apartments upstairs and three commercial spaces on the main level. All apartments are like new with hardwood floors, quartz countertops, SS appliances, OCEAN VIEWS and laundry hookups in each unit. Downstairs carries the same vibe with a modern flare. The largest commercial space has a new kitchen. Tankless hot water heaters service the entire building & ductless heat systems for heating/cooling. Seller is a licensed Real Estate Broker in Oregon.