MLS# 24681798 – 589 10th Ave, Coos Bay, OR 97420 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of MORE Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1972

Days on Website: 32

Welcome to your next investment opportunity in the heart of Eastside neighborhood! Built in 1972, this meticulously maintained property boasts three units, each offering the perfect blend of comfort and convenience. The main floor features two spacious 744 sq ft units, each offering 2 bedrooms and 1 bath, ideal for comfortable living. Downstairs, discover a generous 745 sq ft 3-bedroom, 2-bath unit, perfect for extended families or extra rental income. With an attached 745 sq ft garage, parking is a breeze. An owner storage unit onsite as well. Don't miss out on this prime real estate gem!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

SeparateLivingQuartersApartmentAuxLivingUnit

Building

Built in 1972

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense:

$7,950

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

Block,ConcretePerimeter

Garage

Garage Spaces:

Heating

Heating Available

Heating:

Zoned

Income

CAP Rate:

7.45

Gross Income:

$41,400

Gross Rent Multiplier:

10.85

Net Operating Income:

$33,450

Listing

Contract Status Change Date:

2024-03-29

Days On Market:

Last Transaction Date:

2024-04-02 10:20:51

List Price:

$449,000

Listing Contract Date:

2024-03-29

Listing Id:

24681798

Mls Status:

Active

Modification Timestamp:

2024-04-02 10:20:51

On Market Date:

2024-03-29

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_260

County Or Parish:

Coos

Lot

Features:

CornerLot

Size Acres:

0.18

Size Range:

SqFt7000to9999

Size Square Feet:

7,840

Size:

7,000 to 9,999 SqFt

Parking

Features:

Driveway,Garage

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

R-3

Roof

Roof:

Composition

Schools

High School:

Marshfield

Middle Or Junior School:

Coos Bay

Elementary School:

Coos Bay

Security Features

Features:

SecurityLights

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,811

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,200

Area:

744

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,050

Area:

744

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,200

Area:

745

Features:

Range,Refrigerator,WasherDryerHookup,WindowCoverings

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Internet Service Type:

Cable

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$449,000 -

589 10th Ave Coos Bay , OR 97420

MLS Area Major: _260

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 4:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.