About This Home
This 0-bedroom, 0-bathroom residential multi family at 529 Railroad Street in Brookings, OR is listed for $1,400,000 ($203 per sqft). Built in 1973, the home offers 6,912 sqft of living space on a 0.29 acres lot.
Key Features
- Built in 1973
- 0.29 acre lot
- 2 stories
Property Details
Amenities
If you're in need of a low maintenance, highly profitable, centrally located 8-plex close to the coast & walking distance to the iconic Chetco Point, this is the one for you! At list price, this turn-key asset operates at a strong 7% CAP Rate (includes projected rent from owners unit).
Seven of the units offer spacious 2 bed, 1 bath open floorplans and one of the units is a 1 bed, 1 bath. Coin operated laundry room generates consistent ancillary income. Rents are currently $1325, $1320, $1418, $1250, $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!
Monthly Cost Estimate
$7,487/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
529 Railroad Street
Brookings, OR 97415
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 529 Railroad Street is listed at $1,400,000 ($203/sqft). The estimated monthly payment is $7,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1973, 0.29 acre lot, 2 stories. Interior Features: Ceiling Fan(s), Laminate Counters, Linen Closet.
This property is listed by Alex M Aaronson and can be reached at 8327415106.