Listing Courtesy of: Lincoln County MLS / Vacasa Real Estate LLC / Taj Richardson
$5,200,000
16
BED
14.5
BATH
6,046
SQFT
1440 Pacific Ave Oceanside, OR 97134
Pending (23 Days)
Vacasa Est. Annual Revenue Estimated Annual Revenue is an estimate of the gross rental proceeds the property could generate if offered as a vacation rental, based on information Vacasa has about this property and the rental performance of similar properties. Actual rental proceeds could differ materially from this estimate and Vacasa makes no representations or warranties about its accuracy. Learn more
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Vacasa Est. Cap Rate Estimated Cap Rate is an estimate of the capitalization rate for this property, derived by taking the estimated gross rental proceeds the property could generate if offered as a vacation rental, less estimated expenses, divided by the price. The actual cap rate could differ materially from this estimate and Vacasa makes no representations or warranties about its accuracy. Learn more
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Comments

The Oceanside Inn is an oceanfront turnkey vacation rental hotel in North Tillamook County. Completely remodeled and converted to vacation rentals in 2016, this 16 key property features modern finishes and furnishings, an oceanfront deck, stairs leading to the beach from the deck, electric car charging stations, and wonderful Pacific Ocean views. The Inn features 13 unique room rental variations including the option to rent the entire property to a group as large as 54 guests. Nightly rates range from $49 to $4,685 a night; the Inn accommodated 1583 groups over 3398 booked nights in 2019. Located on the Tillamook Coast halfway between Seaside and Lincoln City, the Oceanside Inn is 15 minutes West of Tillamook and only 90 minutes from Portland. Potential 6% Cap, up to 10% Cap possible.

MLS #
20-2120
Taxes
$17,022 (2019)
Lot Size
9,148 SQFT
Type
Multifamily
Year Built
1935
Style
Traditional
Views
Ocean
County
Tillamook County
Bathroom Details
Interior Features
  • Window Coverings
  • Refrigerator
  • Microwave
  • Dishwasher
Subdivision
  • Na
Heating and Cooling
  • Electric
Exterior Features
  • Other
  • Cedar
  • Roof: Composition
Utility Information
  • Sewer: Public
  • Fuel: Electric
Garage
  • None
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Taj Richardson
Taj Richardson
Lic. 200709164
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