805 Garibaldi Avenue

Garibaldi, OR 97118

$1,250,000
Price
Beds
4,265 Sq. Ft.
$293 / Sq. Ft.
4,265
Sq. Ft.
$293
per Sq. Ft.

Description

Updated 12 unit multifamily on Highway 101 in the heart of Garibaldi. 10 Studio units and 2 One Bedroom units; onsite laundry. Professionally managed, with new roof, new vinyl windows, new paint and newly repaired sewer lateral complete. Seller has renovated units as they have become available, and made efficiency updates throughout all units. C-1 zoning creates opportunities for redevelopment in the future. Coming public infrastructure improvements on Highway 101 and along the Salmonberry Trail...Updated 12 unit multifamily on Highway 101 in the heart of Garibaldi. 10 Studio units and 2 One Bedroom units; onsite laundry. Professionally managed, with new roof, new vinyl windows, new paint and newly repaired sewer lateral complete. Seller has renovated units as they have become available, and made efficiency updates throughout all units. C-1 zoning creates opportunities for redevelopment in the future. Coming public infrastructure improvements on Highway 101 and along the Salmonberry Trail make the future bright for this investment opportunity.
  1. Listed by Sierra Lauder • Keller Williams Sunset Corridor • sierra@homewithsierra.com

Property Details for 805 Garibaldi Avenue

Parking Features
Open, RVAccess Parking
Zoning
C-1
View
City

Location

Listing Courtesy of Keller Williams Sunset Corridor
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LISTING UPDATED: 05/03/2024 02:58 AM

Property Details for 805 Garibaldi Avenue

StatusActive
MLS #24523202
Days on Market41
Taxes$6,377 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1953
Lot Size0.42 AC / 18,295 SF
CountyTillamook County

Location

Listing Courtesy of Keller Williams Sunset Corridor
Add your commute

Building Information for 805 Garibaldi Avenue

Stories1Residences12Year Built1953Building Size-Lot Size0.42 AC / 18,295 SF

Payment Calculator

$7,353 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 805 Garibaldi Avenue

Summary
Location and General Information
  • Country: US
  • Directions: N in to Garibaldi, property on L
  • Road Surface: Paved
School Information
  • Elementary School: Garibaldi
  • High School: Neah-Kah-Nie
  • Middle Or Junior School: Neah-Kah-Nie
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $6,376.55
  • Parcel Number: 16208
  • Tax Legal Description: 1N1021BD11900
Property
Lot Information
  • Acres: 0.42
  • Lot Description: Flood Zone, Level, On Busline
  • Lot Size Square Feet: 18295.0
  • Lot Size Range: Sq Ft15000to19999
  • Lot Size: 15,000 to 19,999 Sq Ft
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Converted
  • Year Built: 1953
Utilities
  • Fuel Description: Electricity
  • Heating Description: Zoned
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Block
  • Roof Type: Composition
  • Waterfront Description: Creek
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 1
Amenities
Amenities Information
  • Internet Service Type: Cable
Multi Family
Multi-Family Information
  • Number Of Units Total: 12
  • Gross Income Actual: $117,540.00
  • Gross Rent Multiplier: $10.63
  • Investor Information: According To Owner
  • Net Income Actual: $95,540.00
  • Operating Expense: $22,000.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • Common Amenities: Laundry
  • SqFt Approximate Building Total: 4265
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Beds Total: 0
  • Unit Type 1 Features: Range, Refrigerator
  • Unit Type 1 Rent: $7,720
  • Unit Type 1 Units Total: 10
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Beds Total: 1
  • Unit Type 2 Features: Range, Refrigerator
  • Unit Type 2 Rent: $2,075
  • Unit Type 2 Units Total: 2

Property History for 805 Garibaldi Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 805 Garibaldi Avenue

Taxable ValueLand$282,110Additions$182,440Total$464,550
Tax Record2023$6,377 ($531 / month)
Home Facts
Total Finished SqFt4,265 SqFtAbove Grade Finished SqFt4,265 SqFtLot Size18,295 SqFtStyleMiscellaneous CommercialYear Built1953ZoningCCountyTILLAMOOKAPN1N1021-BD-11900

Schools near 805 Garibaldi Avenue

This home is within Neah-Kah-Nie School District 56.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Nehalem Elementary School
PublicK to 5

Garibaldi Elementary School
PublicK to 5

Neah-Kah-Nie Middle School
Public6 to 8

Neah-Kah-Nie High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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805 Garibaldi Avenue is a multi-family home for sale in Garibaldi, OR 97118. This property was listed for sale on March 24, 2024 by Keller Williams Sunset Corridor, it's currently listed at $1,250,000. It has been on the market for a total of 41 days and was last sold on June 16, 2023. This listing's school district is Neah-Kah-Nie School District 56. Nearby schools include Nehalem Elementary School, Garibaldi Elementary School and Neah-Kah-Nie Middle School. 805 Garibaldi Avenue is a 0-bed, 0-bath, 4,265 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Keller Williams Sunset Corridor

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 05/03/2024 02:58 AM