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 gross 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 tenant base, 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.
Active
Price cut: $45K (7/29)
$950,000
716 Pioneer Rd, Brookings, OR 97415
8beds
0baths
5,696sqft
Est.:
Multi Family
Built in 1991
-- sqft lot
$-- Zestimate®
$167/sqft
$-- HOA
What's special
- 260 days
- on Zillow |
- 252 |
- 14 |
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