MLS# 24104022 – 879 State St, North Bend, OR 97459 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of MORE Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1951

Days on Website: 267

Welcome to this versatile property offering both comfort and investment potential! The main home features 2 beds and 1.5 baths, providing cozy living spaces. Additionally, a separate 2-story duplex boasts two units, each with 1 bed and 1 bath, offering excellent rental income opportunities. With ample parking available, accommodating residents and guests is effortless. Whether you're seeking a comfortable primary residence with rental income potential or a purely investment-focused opportunity, this property delivers on both fronts. Don't miss out on this rare find that combines convenience, flexibility, and value!

Property Details and Features

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

CrawlSpace

Building

Built in 1951

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1

Expenses

Operating Expense:

$5,000

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

7.54

Gross Income:

$37,800

Gross Rent Multiplier:

11.51

Net Operating Income:

$32,800

Listing

Contract Status Change Date:

2024-03-01

Days On Market:

266

Last Transaction Date:

2024-10-14 17:04:43

List Price:

$435,000

Listing Contract Date:

2024-03-01

Listing Id:

24104022

Mls Status:

Active

Modification Timestamp:

2024-10-14 17:04:43

On Market Date:

2024-03-01

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_260

County Or Parish:

Coos

Lot

Features:

Level

Size Dimensions:

77x100

Size Range:

SqFt7000to9999

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,OffStreet

5 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

R-5

Roof

Roof:

Composition

Schools

High School:

North Bend

Middle Or Junior School:

North Bend

Elementary School:

Hillcrest

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,244

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$950

Area:

500

Features:

Deck,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,400

Area:

864

Features:

Deck,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$435,000 - Br/0Ba - for Sale in North Bend

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$435,000 -

879 State St North Bend , OR 97459

MLS Area Major: _260

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.