716 PIONEER RDBrookings, OR 97415
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.
- Property Type:
MultiFamily
- Architectural Style:
- Bedrooms:
- Bathrooms:
- Dwelling Size:
5,696 Square Feet
- Lot Size:
0.62 Acres
- Lot Description:
- Stories:
2
- Year Built:
1991
- Interior Features:
- Exterior Features:
- Parking:
Garage or Parking Spaces: 7
Features: Garage
- Area:
_270
- Views:
Territorial
- Schools:
High School(s): Brookings-Harbr
Middle School(s): Azalea
Elementary School(s): Kalmiopsis
- HOA:
- Senior Community:
- Heating:
WallFurnace
- Cooling:
None
- Appliances:
- Fireplace:
Fireplace(s):
Features:
- Accessibility:
- Security Features:
- Foundation:
ConcretePerimeter
- Roof:
Composition