Rare and Unique Investment Opportunity in the Heart of Brookings! This centrally located apartment complex offers an exceptional opportunity for investors. The property features 8 units, a 2-car detached garage, and 3 storage units, all on site. The landlord currently covers water, sewer, and garbage services as part of the monthly rent. This property is currently producing over $6,800.00 in gross monthly revenue. The potential for increase is excellent, as several units are renting below market rates. Residents also enjoy access to a shared coin-operated laundry facility for added convenience. Key improvements include a new roof installed in September 2015, a sewer main replacement completed in February 2008 and a fresh paint job of the exterior of the building in 2025, ensuring long-term value and reliability. Ideally situated within walking distance of downtown shops, restaurants, the movie theater, and the beach, this property offers excellent accessibility and appeal for tenants. Call today to schedule your private showing! Please note: Square footage is approximate and should be verified by the buyer.
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Listing Snapshot
Price
$979,000
Days On Site
270 Days
Bedrooms
8
Inside Area (SqFt)
5,134 sqft
Total Baths
8
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.34 Acres
Year Built
1951
MLS® Number
24230606
Status
Active
Property Tax
$2,268.83
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 weeks ago
Listing updated with changes from the MLS®
3 months ago
Price changed to $979,000
9 months ago
Listing first seen on site
General Features
Acres
0.34
Foundation
Slab
Garage
Yes
Garage Spaces
2
Number Of Stories
1
Parking
AssignedPaved
Parking Spaces
8
Property Sub Type
Multi Family
Sewer
Public Sewer
SqFt Total
5134
Water Source
Public
Zoning
R3
Interior Features
Basement
None
Laundry Features
Common Area
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Exterior Features
Lot Features
Level
Roof
Composition
View
City
Waterview
City
Community Features
Financing Terms Available
CashConventional
MLS Area
_270
Roads
Paved
Schools
School District
Unknown
Elementary School
Kalmiopsis
Middle School
Azalea
High School
Brookings-Harbr
Listing courtesy of Lindsay Coatney of RE/MAX Coast and Country (541) 661-0353
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