MLS# 24502520 – 555 Spruce St, Brookings, OR 97415 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Blue Pacific Realty.

Property Description

Description

2 Units

Status: Active

Year Built: 1940

Days on Website: 8

Don't miss out on this INCOME INVESTMENT OPPORTUNITY! Discover a remarkable income opportunity with this multifamily unit combining coastal charm and convenience located in the heart of Brookings. Unit # 555 features a 2 Bedroom, 1 Bathroom and Unit # 557 features a 1 Bedroom, 1 Bathroom. Both Units are complemented with a welcoming covered front porch, separate Attic space for storage, separate Laundry rooms with washer/ dryer hook-ups and both Decks that enter into the Fenced Backyard. Located in the heart of Brookings with plenty of street Parking and all local Amenities! Both Units are currently rented so please do not disturb tenants.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Built in 1940

Storage:

Attic

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense:

$5,360

Exterior Features

Exterior Description:

CementSiding,WoodSiding

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

3.7

Gross Income:

$18,900

Gross Rent Multiplier:

19.34

Net Operating Income:

$13,539

Listing

Contract Status Change Date:

2024-11-15

Days On Market:

Last Transaction Date:

2024-11-18 08:24:51

List Price:

$365,500

Listing Contract Date:

2024-11-15

Listing Id:

24502520

Mls Status:

Active

Modification Timestamp:

2024-11-18 08:24:51

On Market Date:

2024-11-15

Rent Includes:

Sewer,Water

Standard Status:

Active

Location

MLS Area Major:

_270

County Or Parish:

Curry

Lot

Features:

CornerLot,Level

Size Range:

SqFt3000to4999

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

RentRecords

Parking

Features:

OnStreet

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Approximately

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:

$1,224

Legal Description

Unit One

Actual Rent:

$750

Area:

780

Features:

Deck,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$825

Area:

648

Features:

Deck,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$365,500 -

555 Spruce St Brookings , OR 97415

MLS Area Major: _270

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.