2701 Nw Hwy 101, Lincoln City

$4,400,000

0 Beds
0 Baths
44,716 Sqft
0 Acres
55 Garages

The Dorchester House is a turnkey apt building perfectly located in Lincoln City. Property has 69 units, plus large office. This market deal has 2 rental restrictions: tenants must be 58 and older, and 20% of units must be rented to tenants that make 50% of median income. Has library, commercial kitchen, parking, laundry and private courtyard with beautiful grounds with in place on-site management. Value-add potential to add 70th unit.

Essential Information
MLS® #19291474
Price$4,400,000
Square Footage44,716
Year Built1929
TypeMulti-Family
StatusActive
Community Information
Address2701 Nw Hwy 101
AreaLincoln County
CityLincoln City
CountyLincoln
StateOR
Zip Code97367
Amenities
AmenitiesLaundry, Commons
Parking Spaces55
ParkingAttached, Paved
# of Garages55
Utilities

Garbage, Sewer, Water, Cable TV, Electricity, Landscaping

Interior
HeatingWall Furnace
# of Stories3
Exterior
RoofComposition Roofing
Additional Information
Date ListedJuly 17th, 2019
Days on Market94
ZoningG-C
Listing Details
OfficeJoseph Bernard LLC
Property History
Status Changed from Pending to Active
Status Changed from Active to Pending
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Listing information last updated on October 19th, 2019 at 11:54pm CDT.

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