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PUBLISHED RESERVE: $975,000 ($60,937 per unit)LAST ASKING: $1,250,000SIZE: 17,086± SF of Improvements on 25,000± SF siteZONING: RH (High Density Residential)INSPECTION DATES: Call Auction Information Office to Schedule Appointment Wednesday, May 3, 10:00 a.m. to 12:00 p.m. Wednesday, May 17, 2:00 p.m. to 4:00 p.m.FINANCING: Subject to Seller’s approval of Purchaser’s credit: A 40% down payment with the balance secured by a first deed of trust, amortized over 25 years at 5.75% interest, calling for monthly payments of principal and interest; all due and payable at the end of 3 years.DESCRIPTION: The 16-Unit Sea West Apartment complex is 100% leased, with projected 2017 gross rental revenue to be $141,600. The property is located on the northeast corner of SW Cedar Avenue and SW 2nd Street, in Warrenton. It is within a ninety minute drive of Portland. Warrenton, with a population of approximately 4500, is located across Youngs Bay, approximately 1 1/2 miles from Astoria. The Warrenton Waterfront Trail runs through the town of Warrenton, with approximately 5 miles of trails that are along the Columbia and Skipanon Rivers. Just west of Warrenton is Fort Stevens State Park, a 3,700 acre park offering exploration of history, nature and many recreational activities, including camping, beachcombing, and a network of nine miles of bicycle trails and six miles of hiking trails. Gearhart, Seaside, and Cannon Beach are located a twenty minute drive south of Warrenton.

16-Unit Sea West Apartments near Robinson Community ParkWarrenton, Oregon

East Harbor St.

Youngs Bay

S. Main St.

SW Cedar Ave.SW 2nd Ave.

RobinsonPark

CommunityCenter

Astoria - Megler BridgeAstoria

Highway 101

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