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$539,000   Price Analysis
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1569 Union Ave
North Bend, OR 97459
5 bed 3 bath unknown SqFt ($0/SqFt)
Built 1910
Listed 2024-02-21, Taxes $2,134
USDA Eligible
near North Bend, OR
 

PERFECT INVESTMENT PROPERTY WITH GREAT TENANTS!

Your Next Investment Gem. Are you searching for the perfect real estate investment opportunity?! Look no further than 1569 Union Ave, locatd in the heart of North Bend, Oregon. This multifamily housing property is a promising investment gem that you won't want to miss! PROPERTY DETAILSType: Multifamily Housing Units: 3 Units SquareFootage: 2, 738 sq. ft. Occupancy: Full Occupancy (A testament to its desirability!)Why 1569 Union Ave is a Must-Consider InvestmentPrime Location: Situated in the heart of North Bend, this property offers convenience and accessibility to all the amenities the area has to offer. Steady Income: With full occupancy, you can count on a steady stream of rental income, making this an attractive investment opportunity.Room for Growth: With 3 units and ample square footage, there's room for growth and potential for increasing rental income. Desirability: The fact that all units are currently occupied speaks volumes about the desirability of this property among tenants. Whether you're a seasoned real estate investor or starting your journey, 1569 Union Ave presents a fantastic opportunity to grow your portfolio. Don't miss out on this promising investment gem!

Location is key and this property is ideally situated near outdoor recreation and parks, including Simpson and Winsor parks, making it an attractive choice for residents who love the tremendous outdoors. Additionally, it's a stone's throw away from a variety of restaurants, shops and essential amenities, ensuring convenience at every turn. Don't miss out on this chance to secure your financial future. Act now and seize this promising venture in North Bend, OR!


Presented by Stacie Rudolfs at
Ocean Dunes Realty.
Listing Agent Photo

Property MLS #24460879 from RMLS

Bedrooms: 5

Full Bathrooms: 3

Water Heaters: Electricity

Basement Description: Daylight

Lot Description: Level, Trees

Road Surface Type: Paved

Parking Features: Open

Elementary School: Hillcrest
High School: North Bend
Middle School: Sunset

Hillcrest Elementary School is a public elementary school located approximately 0.7 miles away.
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North Bend Senior High School is a public high school located approximately 0.9 miles away.
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North Bend Middle School is a public middle school located approximately 1 miles away.
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Gold Coast Christian School is a private elementary and middle school located approximately 1.3 miles away.
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Gross Income: 43200
Rent Includes: MaintenanceGrounds, Sewer, TrashCollection, Water

Number of Units: 3
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1

LotSizeRange: SqFt5000to6999
Annual Tax Amount: 2157.179999999
Source Listing Status: Active
County: Coos
Cap Rate: 7.14
Directions: HWY 101 to Virginia, R on Union, Property on Right
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: 6150000
Zoning: R-M
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$136,150
$2,134
2021$unknown + $unknown
$132,190
$2,186
2020$unknown + $unknown
$128,340
$2,047
2019$unknown + $unknown
$124,610
$1,958
2018$unknown + $unknown
$120,990
$1,903
2017$unknown + $unknown
$117,470
$1,850
2016$unknown + $unknown
$114,050
$1,794
2015$unknown + $unknown
$110,730
$1,749
2014$unknown + $unknown
$107,510
$1,717
2013$unknown + $unknown
$104,380
$1,671
2012$unknown + $unknown
$101,340
$1,626
2011$unknown + $unknown
$98,390
$1,572
2010$unknown + $unknown
$95,532
$1,524
2009$132,241 + $65,480
$197,721
$1,637
2007$110,058 + $65,480
$175,538
$407

Listed 2024-02-21
$539,000
RMLS
Listing removed 2024-02-21
$539,000
RMLS
Price Changed 2024-01-20
$539,000
RMLS
Price Changed 2024-01-18
$0
RMLS
Listed 2023-12-14
$539,000
RMLS
Listing removed 2016-09-22
$157,000
RMLS
Relisted 2016-02-17
$157,000
RMLS
Listing removed 2016-01-14
$157,000
RMLS
Price Changed 2015-03-18
$157,000
RMLS
Listing removed 2015-01-29
$164,000
RMLS
Listed 2015-01-17
$164,000
RMLS
Price Changed 2014-04-08
$164,000
RMLS
Listed 2013-12-24
$190,000
RMLS
Listing removed 2012-08-03
$190,000
RMLS
Listed 2012-02-02
$190,000
RMLS
Listing removed 2009-10-24
$265,000
RMLS
Listed 2009-05-29
$265,000
RMLS

Net Operating Income: 38500
Operating Expense: 4700

Year Built: 1910
Building Exterior Type: LapSiding, WoodSiding
Foundation Details: Block
Property Age: 114
Roof: Composition
Levels or Stories: 3

Sewer: PublicSewer
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.