$350,000 Price Analysis    ♡   Coos Bay, OR 97420 13 bed 13 bath unknown SqFt ($0/SqFt) 6,969SqFt lot. Built 1930 Listed 2024-04-08, Taxes $3,516 | ✓ USDA Eligible near Coos Bay, OR |
Whoa!
* Sale Pending *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 fr you Millennials. The location is super ideal, like Wall Street, 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.
Presented by Randy Hoffine at
Pacific Properties.
Property MLS #24613061 from RMLS
Heating: Yes
Water Heaters: Gas, Tank
Lot Size Acres: 0.1599862
Lot Size Dimensions: approx 50' x 140'
Lot Size Square Feet: 6969
High School: Marshfield
Middle School: Millicoma
Map directions Map directions Map directionsRent Includes: Gas, TrashCollection
Unit Type: UnitTypeType1, UnitTypeType10, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6, UnitTypeType7, UnitTypeType8, UnitTypeType9
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Annual Tax Amount: 3575.52
Source Listing Status: Pending
County: Coos
Cap Rate: 9.05
Directions: Downtown near corner of 2nd and Curtis
Tax Year: 2023
Source Property Type: MultiFamily
Source Neighborhood: Downtown
Parcel Number: 6888200
Subdivision: Downtown
Zoning: C
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $unknown $199,960 | $3,516 |
| 2021 | $unknown + $unknown $194,140 | $3,425 |
| 2020 | $unknown + $unknown $188,490 | $3,329 |
| 2019 | $unknown + $unknown $183,000 | $3,196 |
| 2018 | $unknown + $unknown $177,670 | $3,086 |
| 2017 | $unknown + $unknown $172,500 | $2,735 |
| 2016 | $unknown + $unknown $167,480 | $2,611 |
| 2015 | $unknown + $unknown $162,610 | $2,540 |
| 2014 | $unknown + $unknown $232,680 | $3,684 |
| 2013 | $unknown + $unknown $132,840 | $2,108 |
| 2012 | $unknown + $unknown $128,980 | $2,047 |
| 2011 | $unknown + $unknown $125,230 | $1,985 |
| 2010 | $unknown + $unknown $121,587 | $1,935 |
| 2009 | $182,588 + $112,479 $295,067 | $1,865 |
| 2007 | $189,892 + $116,978 $306,870 | $1,723 |
$350,000
RMLS
Sold 1987-01-01
$61,600
Public Record
Operating Expense: 16196
Building Exterior Type: Asbestos
Property Age: 94
Property Condition: Fixer
Levels or Stories: 3
Water Source: PublicWater
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.