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Listed by MORE Realty
$ 675,000
Est. payment | /mo
$ 675,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 282093169
Year Built 1979
Annual Tax Amount $1,433
Tax Year 2024
Property Description
Fully occupied 5-plex in the heart of Coos Bay! Each 2 bed/1 bath unit offers private storage, covered parking, and access to shared laundry—Unit 1 has W/D hookups. Gross income $53,500/year, expenses $18,500/year. 5.2% cap rate at $675K. Tenants are happy to stay! New roof, paint, and gutters, electrical with new panels, and new stairs and banister. Excellent walkability to schools, shopping, and parks. Turn-key investment with strong rental history in a high-demand area. Low vacancy, consistent cash flow, and long-term potential!
Location
State OR
County Coos
Community Laundry
Area _260
Zoning R-3
Rooms
Basement None
Interior
Heating Forced Air90
Exterior
Community Features Laundry
View Territorial, Trees Woods
Roof Type Metal
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Coos Bay
Middle Schools Coos Bay
High Schools Marshfield
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Friederike Svensson
CHIEF GROWTH OFFICER | REALTOR®