Bought with AP Coast Realty, LLC
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Key Details
Sold Price $425,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $151
Subdivision Empire
MLS Listing ID 23695436
Sold Date 07/30/24
Year Built 1951
Annual Tax Amount $4,117
Tax Year 2023
Property Description
Investors and Home Buyers - what an opportunity! This sale includes a 1072 sq.ft. Single Family home, and a 1736 sq.ft. Duplex. Home features 3 bedrooms, and covered patio, with greenhouse area. Seller lived in the single family home (24 years), both duplex units are rented, and Seller loves both tenants who would like to stay! There are so many unique attributes and features including covered patio with a greenhouse area as well as a motorcycle garage, garden shed and a large workshop with cabinets and shelving. There is room for RV and/or Boat as well. Both Duplexes have 2 bedrooms, as well as covered rear patios. Property is fenced and Seller says Security System and Cameras covering both the house and duplex stay! Parking for all units is securely situated behind the homes, accessed via the Alley from Fulton St. Both Duplex units have Storage Sheds and Laundry Rooms, as well as off street parking behind the units. Tenants would like to stay and they are really good tenants per seller! Both sides of the Duplex are the same layout but reversed. Taxes are $1563.87 + $2553.49 = $4117.36. Duplex Rents are currently $950 & $950, below market rates. Cap rate is lower since seller lived in 3 bed home, therefore rental income is only for the duplex. This is a well maintained, ideal set up for an owner in the main house and the duplex as income, or rent all three units. Property is close to the Bay, the Beaches, the Shopping, Community College, Medical Facilities, along with Fishing, Hunting as well as the Oregon National Dunes Recreation Area, and all that the south coast has to offer. This is a great opportunity for income producing property in a thriving community. PLEASE DO NOT DISTURB TENANTS (Day Sleeper) APPOINTMENT REQUIRED FOR ALL SHOWINGS!
Location
State OR
County Coos
Area _260
Zoning R-2
Rooms
Basement Crawl Space
Interior
Heating Zoned
Exterior
Waterfront Yes
Waterfront Description Other
Parking Type Open, R V Access Parking
Garage No
Building
Lot Description Gentle Sloping, Level
Story 1
Foundation Block
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Madison
Middle Schools Coos Bay
High Schools Marshfield
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Cassandra Marks
Realtor, Licensed in OR & WA | License ID: 201225764
Realtor, Licensed in OR & WA License ID: 201225764