Great cash flow on this six-plex! 3 upper apartments are currently rented with income of $2300 per month. Seller is using the three ground floor commercial spaces for retail business that is liquidating. Upstairs units include a 2 bedroom 1 1/2 bath, 1 bedroom 1 bath and a Studio apartment. All units are spacious and remodeled. Heavy duty rubber roof is only 2 years old. Potential for conversion to apartments on ground floor too or excellent retail/office space.
Off market
$420,800
582 Winchester Ave, Reedsport, OR 97467
3beds
7baths
4,672sqft
MultiFamily
Built in 1964
-- sqft lot
$420,800 Zestimate®
$90/sqft
$1,726 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 7
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Refrigerator
- Laundry: Washer/Dryer Hookup
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 4,672 sqft
Property
Parking
- Parking features: Carport
Features
- Patio & porch: Deck
Lot
- Size: 4,356 sqft
- Features: Corner Lot, Views
Details
- Zoning: Com/Res
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Reedsport
HOA & financial
Other financial information
- Total actual rent: 2300
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- RoadSurfaceType: Paved
- Roof: Rubber
- Appliances: Refrigerator, Electric Water Heater
- FireplaceYN: true
- CarportYN: true
- HeatingYN: true
- PatioAndPorchFeatures: Deck
- Utilities: Electricity Connected
- FoundationDetails: Slab
- Zoning: Com/Res
- NumberOfUnitsTotal: 6
- Furnished: Unfurnished
- ConstructionMaterials: Block, T-111 Siding
- LotFeatures: Corner Lot, Views
- LeaseTerm: Month To Month
- GrossIncome: 27600
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Carport, Open
- RentIncludes: Water, Sewer, Electricity, Trash Collection
- OpenParkingYN: true
- PropertyCondition: Updated/Remodeled
- OperatingExpense: 6500
- TotalActualRent: 2300
- View: Territorial
- CapRate: 7.05
- GrossScheduledIncome: 45600
- LaundryFeatures: Washer/Dryer Hookup
- MlsStatus: Pending
- NetOperatingIncome: 21100
- Road surface type: Paved