Active
716 PIONEER RD
Brookings OR, 97415
$1,100,000
$193.12 per sqft
Active
12 Beds
12 Baths
5,696 sqft
Multi-family
Built in 1991
Courtesy of Land Leader
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 income, 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.
24205581
MLSⓇ ID
December 13, 2024
Listed
January 13, 2025
Updated
Map
716 PIONEER RD
Brookings OR, 97415
Interior Features
Total Stories
2
Bedrooms
12
Total Bathrooms
12
Full Bathrooms
12
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.62 Acres
Lot Features
Level
Roof
Composition
Sewer
Public Sewer
School Information
High School
Brookings-Harbr
Elementary School
Kalmiopsis
Other Property Details
Area Name
_270
Taxes
$7,046
Tax Frequency
Annually
Days on Market
31
Garage
Yes
Garage Spaces
7
Parking
Garage
Parking Total
6
View
Yes
View Description
Territorial
County
Curry
Water Source
Public Water
Pool
No
Zoning
R-2
Listing Courtesy of Land Leader, Chris Martin. 541-660-5111
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