$1,450,000
Pending
39 Days Online
5 Beds2 Baths2,424 SQFT
Pending

7123 NW Logan Rd Lincoln City, OR 97367

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RARE INVESTMENT OPPORTUNITY! Ocean front property with private stairs to the sand! Located in the highly sought-after Roads End area of Lincoln City. Entering the home all you see is a 270-degree view of the beautiful Pacific Ocean, sand and surf. Ocean views from 4 of the bedrooms as well. Outdoor enclosed area, deck overlooking the ocean and double carport. Original clear cedar, Doug fir and Pine throughout. Gas fireplace in the living room and in the master bedroom. This is a well-established and successful vacation rental, gross rent in 2022 was $107, 733.50, 2023 was $136, 138.50. UNTIL NOVEMBER 22ND THE VACATION RENTAL PERMIT TRANSFERS WITH THE SALE OF THE HOME. NO NEED TO REAPPLY AND WAIT IN LINE FOR A NEW VRD PERMIT WITH THE CITY. Property managers are happy to continue renting for new owners for seamless transition and immediate income. Plenty of time for personal use with friends and family while still earning income.

  • Property TypeSingle Family Home
  • NeighborhoodRoads End
  • CountyLincoln
  • Taxes$10,727
  • HOA/Condo/Coop Fees$0
  • Days on Site38 Days
  • MLS StatusPending
  • MLS ID Number24537703
  • Home Size Source N/A
  • Year Built1952
  • Lot Size0.29 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Style Daylight Ranch
  • Lot Description LevelOcean Beach One Quarter Mile Or LessSloped
  • Construction CedarShake Siding
  • Sewer Public Sewer
  • Water Public
  • Parking Spaces 2
  • Parking Features CarportParking Pad
  • Attached Garage No
  • Garage Spaces 2

Interior Features

  • Heating Forced Air
  • Fireplace Gas
  • Basement DaylightFinished
  • Foundation Slab
  • Interior Features Washer Dryer
  • Kitchen Appliances Gas AppliancesGranite
  • Stories 2

Exterior Features

  • Waterfront Ocean Front
  • Parking CarportParking Pad
  • Exterior DeckFencedFree Standing Hot TubPatio
  • Roof Type Composition

Schools

School District
Unknown
Elementary School
Taft
Middle School
Taft
High School
Taft

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Monthly Payment (Est.)

$7,015
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