$ 350,000
315 S 2ND ST Coos Bay, OR 97420
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Listed by Pacific Properties • 541-260-2651
$ 350,000
Est. payment | /mo
6,969 Sqft Lot
$ 350,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Subdivision Downtown
MLS Listing ID 24613061
Year Built 1930
Annual Tax Amount $3,575
Tax Year 2023
Lot Size 6,969 Sqft
Property Description
Whoa! This is like Yosemite's Half Dome; the upside to this investment opportunity is steep! The rents are about half of market rent but then again the building could use some help from the likes of Tim Allen of Home Improvement or Joanna Gaines for you Millennials. The location is super ideal, like Wall Street, only it's Coos Bay. Didn't think you could ever afford a 13-unit apartment building - now you can! 10-units currently occupied. All one-bedroom units, common laundry. No rent increases for 3+ years. Same owner for 35+ years and has been owner managed for 80+ years. Rents include: hot water (natural gas), washer/dryer, (not coin-op), and garbage.
Location
State OR
County Coos
Area _260
Zoning C
Interior
Heating Zoned
Exterior
View City
Garage No
Building
Lot Description Flood Zone, Public Road
Story 3
Sewer Public Sewer
Water Public Water
Level or Stories 3
Schools
Elementary Schools Coos Bay
Middle Schools Millicoma
High Schools Marshfield
Others
Acceptable Financing Cash
Listing Terms Cash
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