Homes for sale - 716 PIONEER RD, Brookings, OR 97415

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Troy Fox

troy@troyfoxrealtor.com +1(503) 210-5474

Listed by Land Leader

$1,100,000

Est. payment - /mo

5,696 SqFt

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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

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Regional Multiple Listing Service (RMLS)

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(503) 210-5474

troy@troyfoxrealtor.com

716 PIONEER RD Brookings, OR 97415