716 PIONEER RD

Brookings, 97415

  • 12 Bed

  • 12 Bath

  • 5696 SqFt

  • 224 DOM

  • Built: 1991

  • Status: Active

$995,000

Price cut: $105K (02-14-2025)

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716 PIONEER RD

Brookings 97415

$995000

Price cut: $105K (02-14-2025)

  • 12 Bed

  • 12 Bath

  • 5696 SqFt

  • 224 DOM

  • Built: 1991

  • Status: Active

Mohanraj Rajendran

Real Estate Agent

(503) 336-1515

Opportunity is knocking! With six residential units, this multifamily complex is a unique and rare investment opportunity. Each unit features two bedrooms, 1.5 or 2 bathrooms, private backyard area, & a garage for additional storage . These units currently generate a stable income stream, with a gross monthly rental income of $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is leased & adjusting rents to market levels. In addition to the strong income, the property has already undergone substantial improvements, with over $130,000 invested over the past year & a half. With a stable income, recent improvements, & the potential for additional rent, this property represents a solid & rare investment opportunity. Furthermore, the growing demand for rental units in the area adds to the long-term potential, making it an attractive option for investors looking for both stability & growth.

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