716 Pioneer RD Active Save Request In-Person Tour Request Virtual Tour
Brookings,OR 97415
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,696 sqft
Price per Sqft $174
MLS Listing ID 220193622
Style Other
Year Built 1991
Annual Tax Amount $7,046
Lot Size 0.620 Acres
Property Sub-Type Multi Family
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 tenant base, 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
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Detached
Roof Type Composition
Building
Lot Description Level
Foundation Concrete Perimeter
Water Public
Structure Type Frame
New Construction No
Schools
High Schools Brookings-Harbor High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://my.matterport.com/show/?m=n37WapbW7dP