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Listed by River Cities Realty Inc
$745,000
Est. payment /mo
4,960 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,960 sqft
Price per Sqft $150
MLS Listing ID 301905137
Year Built 1977
Annual Tax Amount $4,527
Tax Year 2024
Property Description
Fully occupied 5-plex in downtown North Bend. Each unit is 2 bedroom, 2 bath complete with W/D hookups. Gross income $64,748/year, expenses $22,889/year, including property management fees of $5180. 5.61% cap rate at $745K. If Self-Managed, annual expenses are $17,709 and the cap rate is 6.31% Excellent walkability to schools, shopping, and parks. Turn-key investment with good maintenance records, and a strong rental history in a high-demand area, with a consistent cash flow, and long-term potential. Excellent long term tenants are all willing to stay. Schedule your private showing now.
Location
State OR
County Coos
Area _260
Zoning RM
Interior
Heating Baseboard
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools North Bend
Others
Acceptable Financing CallListingAgent, Cash
Listing Terms CallListingAgent, Cash
Virtual Tour https://youtu.be/ztyhxh4wMns
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