๐ Coastal Property with Multiple Exit Strategy Opportunities โ Zoned R3! ๐
Price: $65,000
ARV: $189,000
Estimated remodel cost: $25,000 – $45,000
Address: 2412 Bay Ave, Ocean Park, WA 98640
2 bed | 1 bath | 728sqft |Built in 1989
0.19 Acres
R3 Zoning – use as full time residence or vacation rental!
Great location close to beaches & public transportation to easily go into Long Beach Peninsula
Single wide manufactured home on real land
Separate poll barn/garage converted into living space previously used as a salon
Secluded backyardย & wooded deck
Garage & carport *last photo was prior to diminished condition
Public water and septic
Possible exit strategires:ย
- Fix up manufactured and resell
- Flip and use as rental (short or long term) – zoned R3
- Remove manufactured and replace with multifamily or another mani
Comps:
-
27529 U Street, Ocean Park, WA 98640 – sold on 8/2/24 for $198,000 – 2 bed 1 bath 938 sqft – built in 1978
-
2201 268th Ln, Ocean Park, WA 98640 – sold on 7/23/24 for $220,000 – 2 bed 1 bath 784 sqft – built in 1965
Closing date: 1/22/25 โ Cash and hard money only, 10,000 EM deposit upon mutual acceptance. Buyer to pay closing costs.
Please contact us via DM or call if you have any other questions (503) 404-4532.