1032 S 4TH St, Coos Bay, OR 97420

Property Description

Investor Alert! Presenting a rare opportunity to own an 8-unit multifamily property in the heart of Coos Bay—a growing coastal town nestled in Oregon’s coveted “banana belt” known for its milder climate and year-round outdoor lifestyle. This well-maintained asset delivers a strong 8.83% cap rate, making it a standout choice for the smart investor seeking immediate returns and long-term upside. The property features a diverse unit mix of 1-bedroom, 2-bedroom, and studio units, all thoughtfully upgraded with individual laundry hookups, metal roofing, modernized plumbing, and more. With current gross rents exceeding $81,000 annually, low operating costs, and projected rent growth, this is a turnkey investment with room to grow. Seize the opportunity to invest in one of the Oregon Coast’s most livable and up-and-coming communities. Opportunities like this don’t last long in areas of smart growth!

Listing Status:

Active

Date Added:

November 24, 2024 at 06:00AM

Listing Office:

Coastal Sotheby's International Realty : 541-516-1850

Listing Agent:

Gary Trenner II : 808-213-4484

MLS ID:

24498261

Interior

• Basement: FinishedNonePartial basement
• Heating: Zoned

Exterior

• General: T 111 sidingWood siding
• Parking: Off streetOn streetParking spaces: 2

Construction

• Roofing: Metal
• General: Concrete perimeter

Location

• Road/Access: Paved
• Golf: Laundry
• Originating MLS: Regional Multiple Listing ServiceInc.
• County: Coos

Lot

• Zoning: R-325S-13W-35CB-101006905200
• View: View

Utilities

• Water: Public water
• Sewer: Public sewer

Financial

• Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Gary Trenner II, Coastal Sotheby's International Realty