$ 99,500
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$99,500
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About the Listing 3ROG02 - CORDERVA
Site-plan approved 4-plex lot — seller financing available, utilities connected.This 0.22-acre parcel in Lincoln City's Ocean Lake neighborhood is zoned R-M and approved for a 4-plex — a rare shovel-ready position on the central Oregon Coast. Comparable 2-bedroom units in the area rent for $1,800–$2,100/month, putting a fully leased build in the range of roughly $7,200–$8,400/month in gross rental income. (Buyer to verify rents and finalize unit mix.)The groundwork is already done: electricity, public water, and public sewer are connected at the site, and it fronts a paved city street with curbs and sidewalks in place — so you head toward permits instead of burning months and thousands on utility runs.Seller financing available with owner terms — a major advantage on land, where bank financing is hard to come by. Add low carrying costs (just $1,147 in taxes last year), no HOA, no CC&Rs, and no land lease, and the path to breaking ground is clean.Minutes from Highway 101 and the beaches that drive year-round rental demand on the coast. Approved, connected, finance able. Buy to do their own due diligence to confirm information with city for plans.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
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- Air Cond:
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- Below Ground Sq Ft: n/a
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Exterior Details
- Lot Description: Level,Sloped
- Garage Capacity: N/A
- Zoning: RM
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- Others:
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Financial Details
- Tax Amount: $1,165
- Taxes w/Assessments: N/A
- Tax/Property ID: R507013
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Nw 22nd St Tl5500 Lincoln City, OR 97367
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