MLS# 24548181 – 466 Mendy St, Brookings, OR 97415 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Eagle Two Realty.

Property Description

Description

4 Units

Status: Pending

Year Built: 1978

Days on Website: 283

Two duplexes on one lot, 4 units total, within the Brookings city limits, located close to schools, parks, shopping and more. All units are one story, have dual pane vinyl windows, fenced back yards, washer & dryer hook ups and garages. Both buildings have fairly new roofs and have been well maintained. All four units are currently rented and tenants wish to stay after closing. There is sufficient room to build a shop, storage and/or play ground at the west end of the property. This is a rare investment opportunity in Brookings, Oregon.

Property Details and Features

Lot

Size Acres:

0.51

Features:

Level

Size Range:

SqFt20000toAcres1

Size Square Feet:

22,215

Size:

20,000 SqFt to .99 Acres

Property Access

Road Surface Type:

Gravel,Paved

Building

Built in 1978

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

12000

Operating Expense:

$12,000

Exterior Features

Exterior Description:

CementSiding

Foundation

Foundation Details:

Slab

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

6.81

Gross Income:

$64,800

Gross Rent Multiplier:

11.96

Gross Scheduled Income:

$72,000

Net Operating Income:

$52,800

Net Scheduled Income:

60000

Listing

Contract Status Change Date:

2024-10-31

Cumulative Days On Market:

266

Days On Market:

266

Last Transaction Date:

2024-10-31 13:33:36

List Price:

$775,000

Listing Contract Date:

2024-02-08

Listing Id:

24548181

Mls Status:

Pending

Modification Timestamp:

2024-10-31 13:33:36

Off Market Date:

2024-10-31

On Market Date:

2024-02-08

Purchase Contract Date:

2024-10-31

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_270

County Or Parish:

Curry

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,Garage

4 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

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:

$3,157

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,350

Area:

873

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,350

Area:

873

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,350

Area:

873

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,350

Area:

873

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable,FiberOptics

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$775,000 -

466 Mendy St Brookings , OR 97415

MLS Area Major: _270

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.