MLS# 24172771 – 297 Matot St, Brookings, OR 97415 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of RE/MAX Coast and Country.

Property Description

Description

2 Units

Status: Pending

Year Built: 1976

Days on Website: 196

INVESTMENT OPPORTUNITY Awaits!Discover the Perfect Blend of Convenience and Potential in this Duplex!Maximize your investment by living in one unit and renting out the other. Each spacious unit offers 3 bedrooms and 1.5 baths across 1,144 sq ft, ideal for tenants or family members.Prime Location: Nestled in a vibrant community, this duplex is close to restaurants, shopping, and just a short bike ride to the beach.Key Features:New Fence and Freshly Painted Exterior (2022)3 Bedrooms and 1.5 Baths per UnitPrime Location for Dining and ShoppingEasy Bike Ride to the BeachRoof Less Than 10 Years OldUpdated Plumbing with PEX (2011)New Windows on Sides and Front (2014)This well-maintained property boasts excellent long-term tenants in unit #297. Unit #299 has been recently renovated with new interior paint, flooring, light fixtures, appliances, and a repainted deck.Perfect for investors or those seeking dual living arrangements. Don't miss this golden opportunity – schedule a viewing today!

Property Details and Features

Property Access

Road Surface Type:

Concrete

Building

Built in 1976

Storage:

IndividualStorageUnits

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$3,128

Exterior Features

Exterior Description:

CementSiding,WoodSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

5.26

Gross Income:

$25,752

Gross Rent Multiplier:

16.69

Net Operating Income:

$22,624

Listing

Contract Status Change Date:

2024-09-16

Cumulative Days On Market:

314

Days On Market:

125

Last Transaction Date:

2024-11-25 13:59:00

List Price:

$429,900

Listing Contract Date:

2024-05-14

Listing Id:

24172771

Mls Status:

Pending

Modification Timestamp:

2024-11-25 13:59:00

Off Market Date:

2024-09-16

On Market Date:

2024-05-14

Purchase Contract Date:

2024-09-16

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_270

County Or Parish:

Curry

Lot

Features:

Level

Size Acres:

0.16

Size Range:

SqFt5000to6999

Size Square Feet:

6,969

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Guest

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Brookings-Harbr

Middle Or Junior School:

Azalea

Elementary School:

Kalmiopsis

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,745

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,000

Area:

1144

Features:

Dishwasher,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$1,146

Area:

1144

Features:

Microwave,Range,Refrigerator,WasherDryerHookup

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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$429,900 - Br/0Ba - for Sale in Brookings

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$429,900 -

297 Matot St Brookings , OR 97415

MLS Area Major: _270

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 26, 2024 12:44PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.