$1,245,000

Exquisite Coastal 8 Plex With Modern Upgrades

  • Updated: Today
  • MLS#220225188

About the Property

Attention investors! Housing shortage! Highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point! At list price, this turn-key asset operates at a strong 8%+ CAP Rate (includes projected rent from owners unit). Seven of the units offer spacious 2 bedroom, 1 bathroom open floorplans and one of the units is a 1 bedroom, 1 bathroom. Coin-operated
Attention investors! Housing shortage! Highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point! At list price, this turn-key asset operates at a strong 8%+ CAP Rate (includes projected rent from owners unit). Seven of the units offer spacious 2 bedroom, 1 bathroom open floorplans and one of the units is a 1 bedroom, 1 bathroom. Coin-operated laundry room generates consistent ancillary income. Rents are currently $1325, $1320, $1418, $1450, $1450, $1295, $825.50, & owners remodeled premium unit (beautifully updated in 2022-2023) is expected to rent at $1500 per month. Owner pays for sewer, water, & trash. Each unit has its own power meter (tenants pay for their own electricity) & detached carport includes 1 dedicated covered parking space to each tenant. Owner spared no expense after purchasing this property by painting the exterior, remodeling multiple units, & much more!
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  • Property type

    Other

  • Year built

    1973

Features

  • Open Kitchen
  • Renovated
  • Investment Property
  • Parking
  • Coastal

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529 Railroad Brookings OR 97415, Oregon, United States View on Google Maps
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Alex Aaronson

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Alex Aaronson
Washington, United States
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3
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2026
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John L. Scott Real Estate - WA/ID/OR/CA
John L. Scott Real Estate - WA/ID/OR/CA
1700 NW Gilman BlvdSuite 300, 98027, Bellevue, Washington, United States
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Exceptional Homes by John L. Scott unites exquisite homes with distinguished consumers of influence and affluence f
Exceptional Homes by John L. Scott unites exquisite homes with distinguished consumers of influence and affluence from around the world. Our luxury brokers understand that the decision to purchase a home is about the property, but also the community and lifestyle. Our Certified Luxury Home Specialists know that bringing together buyers and sellers of luxury homes requires a deep knowledge of all aspects of the market. A thorough and detailed understanding of the trends of the ever-changing, and often competitive, luxury markets of the Pacific Northwest is essential. Our luxury experts are scholars of the market, and will put that knowledge to work for you, whether you are considering selling a home, or looking to purchase your next dream retreat.

In 1931 John L. Scott Real Estate started in Downtown Seattle with the vision of delivering concierge level service by putting clients first. Three generations later, we’ve grown to over 110 offices and more than 3,100 broker associates in Washington, Oregon, Idaho, and California and can attribute our success to the fact that, even after 86 years in the business, we still hold tight to our core value of “Living Life as a Contribution™” in every facet of life: at home, work, and at play.

At John L. Scott Real Estate we believe our clients live exceptional lives, and they deserve Exceptional Homes.
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Last updated
Today
First listed
October 25
Listing reference
3f1100d2-cfa2-11f1-820d-6045bdd61ac4
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