Coos Bay, OR 97420,315 S 2ND ST
Coos Bay, OR 97420,315 S 2ND ST
Coos Bay, OR 97420,315 S 2ND ST
Coos Bay, OR 97420,315 S 2ND ST
Coos Bay, OR 97420,315 S 2ND ST
Coos Bay, OR 97420,315 S 2ND ST
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Listed by Pacific Properties • 541-260-2651
Bought with Pacific Coast Real Estate & Development, LLC

$360,000

$350,000

2.9%
Est.Price: ?

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Est. payment /mo

6,969 Sqft Lot


SOLD DATE : 12/03/2024

Key Details

Sold Price $360,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Downtown

MLS Listing ID 24613061

Sold Date 12/03/24

Year Built 1930

Annual Tax Amount $3,575

Tax Year 2023

Lot Size 6,969 Sqft

Property Description

Whoa! 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 for you Millennials. The location is super ideal, like Wall Street, only 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.

Location

State OR

County Coos

Area _260

Zoning C

Interior

Heating Zoned

Exterior

View City

Garage No

Building

Lot Description Flood Zone, Public Road

Story 3

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Coos Bay

Middle Schools Millicoma

High Schools Marshfield

Others

Acceptable Financing Cash

Listing Terms Cash

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