1. Oregon
  2. Brookings
  3. 716 Pioneer Road
$950,000

716 Pioneer Road, Brookings, OR 97415

  • 5,696 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1991
  • Property Lot Size Icon0.62acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $167/sqft
  • Property List Date Icon Listed 8 months ago

Property Description

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.

Listing Status:
Active
Date Added:
December 13, 2024 at 06:00AM
Listing Office:
Land Leader : Alex@MartinOutdoorProperties.com
MLS ID:
220193622
  • Basement: None
  • Flooring: CarpetLaminateVinyl
  • A/C: None
  • Heating: Wall Furnace

This listing courtesy of Land Leader

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kalmiopsis Elementary School

650 Easy St, Brookings, OR, 97415

Grades KG-5

0.22 miles away

A

Azalea Middle School

505 Pacific Ave, Brookings, OR, 97415

Grades 6-8

0.26 miles away

B

Brookings-Harbor High School

625 Pioneer Rd, Brookings, OR, 97415

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.