MLS# 24423398 – 56076/56078 Finley Loop, Coquille, OR 97423 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Pacific Properties.

Property Description

Description

4 Units

Status: Active

Year Built: 1932

Days on Website: 185

Investor Opportunity! Property comes with 2 Duplex's yes 4 Units in total with a 2.44 acre lot conveniently located between Coquille and Myrtle Point the property offer's you the option to live in 1 unit and rent the remaining 3 units. Beautiful views of the Coquille Valley, Detached shop storage with carport for parking, another smaller detached garage for yard tools. Upgrades were done previously to the water system. New roof on 56076 and 3 of the 4 units have recently updated flooring, paint, doors, lighting and plumbing fixtures and Windows! This property would make a great family compound with enough yard space for chickens and a garden! Cap Rate of 9.00 Call Today

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,Finished,SeparateLivingQuartersApartmentAuxLivingUnit

Building

Building Area Total:

5057

Built in 1932

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense:

$6,900

Exterior Features

Exterior Description:

Asbestos,LapSiding

Foundation

Foundation Details:

Block

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

9.27

Gross Income:

$69,480

Gross Rent Multiplier:

9.72

Net Operating Income:

$62,580

Listing

Contract Status Change Date:

2024-05-21

Days On Market:

185

Last Transaction Date:

2024-09-11 16:14:57

List Price:

$675,000

Listing Contract Date:

2024-05-21

Listing Id:

24423398

Mls Status:

Active

Modification Timestamp:

2024-11-22 07:56:29

On Market Date:

2024-05-21

Previous List Price:

$695,000

Rent Includes:

MaintenanceGrounds,Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_260

County Or Parish:

Coos

Lot

Features:

GentleSloping,Seasonal

Size Acres:

2.44

Size Range:

Acres1to3

Size Square Feet:

106,286

Size:

1 to 2.99 Acres

Parking

Features:

Driveway,OffStreet

Possession

Possession:

Negotiable

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

RR5-C1

Roof

Roof:

Composition

Schools

High School:

Coquille

Middle Or Junior School:

Coquille

Elementary School:

Coquille

Sewer

Sewer:

StandardSeptic

Taxes

Annual Amount:

$3,341

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,595

Area:

1520

Units Total:

1 total bathroom

3 total bedroom

Unit Two

Actual Rent:

$1,450

Area:

1331

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,595

Area:

1091

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,150

Area:

1115

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

Other,Well

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$675,000 -

56076/56078 Finley Loop Coquille , OR 97423

MLS Area Major: _260

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.