Additional details

Discover Northwest Realty - Land

info@unitedcountrynw.com +1(360) 843-4032

Listed by John L. Scott Medford

$1,400,000

Est. payment - /mo

6,812 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,812 sqft

Price per Sqft $205

MLS Listing ID 381662052

Year Built 1973

Annual Tax Amount $3,939

Tax Year 2025

Property Description

If you're in need of a low maintenance, highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point, this is the one for you! At list price, this turn-key asset operates at a strong 7% CAP Rate (includes projected rent from owners unit). Seven of the units offer spacious 2 bed, 1 bath open floorplans and one of the units is a 1 bed, 1 bath. Coin operated laundry room generates consistent ancillary income. Rents are currently $1325, $1320, $1418, $1250, $1450, $1295, $825.50, & owners remodeled premium unit (beautifully updated in 2022-2023) is expected to rent at $1500 per month. Owner pays for sewer, water, & trash. Each unit has its own power meter (tenants pay for their own electricity) & detached carport includes 1 dedicated covered parking space to each tenant. Owner spared no expense after purchasing this property by painting the exterior, remodeling multiple units, & much more!

Location

State OR

County Curry

Area _270

Zoning R3

Rooms

Basement None

Interior

Heating Baseboard

Cooling Other

Exterior

View Mountain, Territorial

Roof Type Composition,Membrane

Garage No

Building

Lot Description Level

Story 2

Foundation Slab

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

Read Less Info

Regional Multiple Listing Service (RMLS)

Nearby School & Business

Discover Northwest Realty - Land

Broker | License ID: 90947

+1(360) 843-4032 | info@unitedcountrynw.com

529 RAILROAD ST Brookings, OR 97415

Discover Northwest Realty - Land

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

GET MORE INFORMATION

Quick Search