Share this with your friends
541.292.4444
Real Estate Company
529 Railroad Street, Brookings, OR 97415
- $1,245,000
- List Price
- $1,245,000
- Status
- ACTIVE
- Days on Market
- 106
- Price Change
- ▼ $155,000 1792813728
- MLS#
- 220225188
- Subtype
- Residential Income
- Style
- Contemporary
- Year Built
- 1973
- Lot Size
- 12,632
- Acres
- 0.29
- Subdivision
- N/A
- Neighborhood
- N/A
Property Description
Attention investors! Housing shortage! Highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point! At list price, this turn-key asset operates at a strong 8%+ 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, $1450, $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!
/u.realgeeks.media/rockwellrealestate/header.png)
Additional Information
- Interior Features
- Ceiling Fan(s), Laminate Counters, Linen Closet, Open Floorplan, Shower/Tub Combo
- Taxes
- $3,939
- Property Description
- Contemporary
- Zoning
- R3
- Flooring
- Carpet, Laminate, Other
- Appliances
- Disposal, Microwave, Oven, Range, Refrigerator, Range Hood, Water Heater
- Heating
- Baseboard, Electric
- Air Conditioning
- Other
- Stories
- Two
- Levels
- Two
- Roof
- Composition, Membrane
- Foundation
- Slab
- Parking Features
- Asphalt, Detached Carport, Driveway, Gravel, No Garage, On Street, Parking Lot
- Elementary School
- Kalmiopsis Elem
- Middle School
- Azalea Middle
- High School
- Brookings-Harbor High
- View
- Mountain(s), Neighborhood
Courtesy of John L. Scott Medford
The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: