MLS# 24122873 – 611 Crestview Dr, Reedsport, OR 97467 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Lamonte Real Estate Professionals.

Property Description

Description

2 Units

Status: Active

Year Built: 1973

Days on Website: 109

Beautiful multifamily investment property on the Oregon Coast! Enjoy the serene surroundings as you sit on your balcony and take in the view! This property is so versatile and has excellent rental history. Live in one and keep the other rented, great as a vacation home or airbnb, or tenant occupy both! The opportunities are endless! Each large two bedroom one bathroom unit with almost 900 square feet, has amazing natural light, an oversized living space, generous sized bedrooms and tons of storage, indoor washer and dryer hookups, separate private yard spaces, three covered parking spaces, and private storage! The occupied unit has had some recent upgrades done in the last few years. Both are beautiful and so inviting, you will not want miss this amazing opportunity!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

StorageSpace

Building

Built in 1973

Storage:

Attached

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

4200

Operating Expense:

$2,400

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

Block

Heating

Heating Available

Heating:

Radiant,Zoned

Income

CAP Rate:

4.24

Gross Income:

$18,300

Gross Rent Multiplier:

20.49

Gross Scheduled Income:

$36,600

Net Operating Income:

$15,900

Net Scheduled Income:

31800

Listing

Contract Status Change Date:

2024-08-05

Days On Market:

109

Last Transaction Date:

2024-11-19 16:31:01

List Price:

$375,000

Listing Contract Date:

2024-08-05

Listing Id:

24122873

Mls Status:

Active

Modification Timestamp:

2024-11-19 16:31:01

On Market Date:

2024-08-05

Previous List Price:

$380,000

Rent Includes:

MaintenanceGrounds

Standard Status:

Active

Location

MLS Area Major:

_265

County Or Parish:

Douglas

Lot

Features:

Sloped

Size Range:

SqFt7000to9999

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Carport

3 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

Metal

Schools

High School:

Reedsport

Middle Or Junior School:

Reedsport

Elementary School:

Highland

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,023

Legal Description

Unit One

Actual Rent:

$1,525

Area:

896

Features:

Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Area:

896

Features:

Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$375,000 - Br/0Ba - for Sale in Reedsport

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$375,000 -

611 Crestview Dr Reedsport , OR 97467

MLS Area Major: _265

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.