Bought with RE/MAX Ultimate Coastal Properties
$2,250,000
$2,997,000
24.9%For more information regarding the value of a property, please contact us for a free consultation.
19,680 SqFt
SOLD DATE : 02/08/2024
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 19,680 sqft
Price per Sqft $114
MLS Listing ID 23386315
Sold Date 02/08/24
Year Built 1988
Annual Tax Amount $11,836
Tax Year 2023
Property Description
This 21-unit apartment complex in the picturesque seaside town of Brookings, Oregon, offers a fantastic investment opportunity. Included are two 2-story buildings.Each of the 21 units is thoughtfully designed, featuring approximately two bedrooms and 1.5 bathrooms. This layout offers residents comfortable and spacious living spaces with modern conveniences. The apartments have been exceptionally well-maintained over the years and owned by the same owner since 1997. This complex offers approximately two different floor plans and caters to a diverse range of tenant preferences, making it even more attractive to potential renters with a fantastic rental history.Parking Convenience: Each unit has an assigned parking space, providing residents with the convenience and security of designated parking. Additionally, 11 guest parking spots are on the premises, ensuring visitors have hassle-free access.Community Amenities: Residents benefit from a well-equipped community laundry room on-site. There is also an on-site manager and maintenance person. Buyer Requirements: potential buyers must provide proof of funds to access recent appraisals and financial information.Showings for this prime property are by appointment only.This 21-unit apartment building in Brookings, Oregon, represents a powerful and attractive investment opportunity. Its architectural charm, diligent maintenance, variety in floor plans, parking facilities, and community amenities make it a compelling choice for investors looking to make a strategic move in the real estate market. Don't miss the opportunity to explore this remarkable property further!
Location
State OR
County Curry
Community Laundry
Area _270
Zoning R3
Rooms
Basement None
Interior
Heating Baseboard
Exterior
Community Features Laundry
Waterfront Yes
Waterfront Description Other
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Cul_de_sac, Level, Ocean Beach One Quarter Mile Or Less
Story 2
Foundation Concrete Perimeter, Stem Wall
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Kalmiopsis
Middle Schools Azalea
High Schools Brookings-Harbr
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224