29 Avenue G Seaside, OR 97138

Opportunity knocks at this unique beach-adjacent Seaside multifamily property. Located just one lot from Seaside's famous South Promenade beachfront walkway, the property consists of four 432 SF 1-bedroom cottages and one 4,276 SF Single-room Occupant (SRO) building with views of the ocean. The SRO building is currently comprised of 14 SRO rooms that share two bathrooms and community kitchen facilities. This building also contains one additional 1-bedroom unit with its own bathroom, kitchen, and private patio. The opportunity exists to convert this building to 3-5 traditional multifamily units if desired by new ownership. Current lease contracts for the cottages are month-to-month, while leases for the SRO units are on a week-to-week tenancy. The property is zoned R-3: Residential High Density. Listing price reflects allowance for deferred maintenance.