$995000
Price cut: $105K (02-14-2025)
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12 Bed
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12 Bath
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5696 SqFt
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177 DOM
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Built: 1991
- Status: Active
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Mohanraj Rajendran
Real Estate Agent
(503) 336-1515Opportunity 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.
Listing Provided Courtesy of Chris Martin, Land Leader
General Information
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24205581
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177 DOM
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12
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0.62 acres
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12
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5696
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1991
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R-2
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Curry
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R21617
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Kalmiopsis
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Azalea
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Brookings-Harbr
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MultiFamily
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ACRES 0.62
Listing Provided Courtesy of Chris Martin, Land Leader
Mohan Realty Group data last checked: Jun 08, 2025 02:25 | Listing last modified Jun 08, 2025 02:23,
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