$925000
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3 Bed
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3 Bath
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7098 SqFt
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1 DOM
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Built: 1938
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Ivy Avenue Apartments is located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Four of the one-bedroom units match floorplans in other units that have been converted to two-bedroom units, allowing for an additional $75 monthly increase. A savvy investor could continue that conversion path to achieve greater rent upside during their ownership. Prospective Buyers to do their own due diligence on feasibility of conversion.Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.
Listing Provided Courtesy of Greg Messick, RealtyNET, LLC
General Information
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624308093
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1 DOM
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3
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0.3 acres
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3
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7098
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1938
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Res
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Tillamook
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126713
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South Prairie
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Tillamook
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Tillamook
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MultiFamily
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SUBD NAME: DREW'S ADDITION BLK NO: 1 LOT NO: 10; 8; 9
Listing Provided Courtesy of Greg Messick, RealtyNET, LLC
Mohan Realty Group data last checked: Aug 09, 2025 07:34 | Listing last modified Aug 08, 2025 15:10,
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