2005 NW Oceanview Drive, Newport

2005 NW Oceanview Drive, Newport

Rental income property!

2,905 +/- SF beach front vacation home in beautiful Newport Oregon on 1.2 acres with unobstructed ocean views! The home has deeded and locked access to the sandy beach below. This 3 bedroom 2.5 bath home is a very clean well taken care of home. Come sit in the hot tub with a glass of wine and take in the fresh air. Home is currently managed by Vacasa, with strong rental income.

4.56% Cap Rate on actual 2017 income thru 12/7/17. 

Showings are by appointment only, please contact listing broker Collier Ehlers or Brian Fratzke for more information.

Property Details

Sale Price $925,000
2005 NW Oceanview Drive
Newport, OR 97365

MLS#: 201711449
Property Type: Land
Building Square Feet: 2,905 +/-
NOI: $42,180
CAP Rate: 4.56%
Lot Size: 1.2 Acres
Year Built: 1995
Zoning: R1
Procurement Fee / Broker Commission: 2.5%

Status: Active