48
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Listed by Land Leader
$1,100,000
Est. payment /mo
5,696 SqFt
Active
716 PIONEER RD Brookings, OR 97415
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UPDATED:
12/13/2024 03:43 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,696 sqft
Price per Sqft $193
MLS Listing ID 24205581
Year Built 1991
Annual Tax Amount $7,046
Tax Year 2024
Lot Size 0.620 Acres
Property Description
Opportunity is knocking! With six residential units, this multifamily complex is a unique and rare investment opportunity. Each unit features two bedrooms, 1.5 or 2 bathrooms, private backyard area, & a garage for additional storage . These units currently generate a stable income stream, with a gross monthly rental income of $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is leased & adjusting rents to market levels. In addition to the strong income, the property has already undergone substantial improvements, with over $130,000 invested over the past year & a half. With a stable income, recent improvements, & the potential for additional rent, this property represents a solid & rare investment opportunity. Furthermore, the growing demand for rental units in the area adds to the long-term potential, making it an attractive option for investors looking for both stability & growth.
Location
State OR
County Curry
Area _270
Zoning R-2
Rooms
Basement None
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Spaces 7.0
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Kalmiopsis
Middle Schools Azalea
High Schools Brookings-Harbr
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
