SOLID 8 PLEX, with Gorgeous Bay Views! What a Great time to Invest in Rental properties with Very Limited Inventory and Tons of Potential for Growth in Rents, on this one. Very clean and well maintained units. Much Development and Improvements said to be breaking ground soon. Get into this one now, and watch your equity grow! Subject to an easement for Ingress and Egress on the west side of the lot (for access to lot #1300) to be recorded on or before close of escrow.
Off market
$764,700
234 S Mill St, Coos Bay, OR 97420
10beds
8baths
5,376sqft
MultiFamily
Built in 1940
-- sqft lot
$764,700 Zestimate®
$142/sqft
$1,432 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Wall, Electric
Appliances
- Included: Range / Oven, Refrigerator
Features
- Basement: Partial, Storage Space
Interior area
- Total interior livable area: 5,376 sqft
Property
Features
- Exterior features: Cement / Concrete
Lot
- Features: Level, Views
Details
- Zoning: W-I
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Metal
Condition
- Updated/Remodeled
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Cable Connected, Wireless
Community & neighborhood
Location
- Region: Coos Bay
HOA & financial
Other financial information
- Total actual rent: 5040
Other
Other facts
- Roof: Metal
- Sewer: Public Sewer
- WaterSource: Public
- RoadSurfaceType: Paved
- Appliances: Refrigerator, Electric Water Heater, Range
- HeatingYN: true
- Utilities: Electricity Connected, Cable Connected, Wireless
- Basement: Partial, Storage Space
- NumberOfUnitsTotal: 8
- LotFeatures: Level, Views
- FoundationDetails: Block
- LeaseTerm: Month To Month
- ConstructionMaterials: Cement Siding, T-111 Siding
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection
- OpenParkingYN: true
- PropertyCondition: Updated/Remodeled
- Zoning: W-I
- OperatingExpense: 7500
- Heating: Wall Furnace
- ParkingFeatures: Open
- NetOperatingIncome: 53100
- CapRate: 7.82
- CoListAgentEmail: vicki@coasthomesforsale.com
- CoListAgentFullName: Vicki Whelchel
- MlsStatus: Active
- TotalActualRent: 5040
- GrossIncome: 60660
- TaxAnnualAmount: 3176.48
- Road surface type: Paved