Listing Courtesy of: Chris Martin - Land Leader
866-559-3478
$1,100,000
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716 PIONEER Rd Unit 716 Brookings, OR 97415
Multi-Family
Residence
Beds
Baths
5,696
Sq. Ft.
0.62
Acre
Lot
Property Activity
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Days on Market
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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 gro...ss 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.
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MLS#
24205581
Property Type
Multi-Family
Status
Year Built
1991
Square Feet
5,696
sq. ft
Lot Size
0.62
Sewer
Public Sewer Available
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