720 2Nd StBrookings, OR 97415

Property Details for 720 2Nd St

Year built

1975

Lot size

0.31 AC

Property size (Sq ft)

4,736 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a well-maintained fourplex located at 720 N 2nd St, Brookings, OR 97415. Boasting a prime location near Brookings' stunning beaches, this property offers a compelling blend of coastal living and strong investment potential. The 4,736 square foot building, constructed in 1975, sits on a 0.31-acre lot and features four spacious two-story units, each with two bedrooms and 1.1 bathrooms. Each unit includes a carport and a shed, providing ample parking and storage. The property is zoned R2 and includes eight parking spaces. With a 4.16% cap rate and an asking price of $795,000, this fourplex presents a rare opportunity for investors seeking a lucrative income property with a proven rental history. The property's proximity to the beach and local amenities ensures high tenant demand and long-term stability. The building is a two-story structure with an APN of R10558. This is a turnkey investment ready for a new owner. Don't miss this chance to acquire a desirable multifamily property in a sought-after coastal location.

Location Insight

City

Brookings

County

Curry

State

Oregon

Latitude

42.0591

Longitude

-124.294

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