1760 MEADE, North Bend, OR 97459

$120,000
List Price
$120,000
MLS#
18280978
Property Type
Multifamily
Region
Coos County
Status
ACTIVE

Property Description

OUTSTANDING INVESTMENT OPPORTUNITY in Prime North Bend Location.Two. 2 Bed 1 Bath Units. One water meter but two Electric Meters. Cash Buyers.Upstairs Unit Vacant. Downstairs Unit Occupied.Seller is related to listing Broker.Market Rent $1,300/Month $15,600/Year Gross Rent Multiplier 7.69!

Additional Information

Tax Amount
$1,089
Stories
2
High School
North Bend
Elementary School
Hillcrest
Middle School
North Bend
Stories
2
Year Built
1905
Basement Foundation
Block, No Foundation
Fuel Description
Electricity
Heating Description
Baseboard
Hot Water Description
Electricity
Lot Size Range
5, 000 to 6, 999 SqFt
Sewer Description
Public
Water Description
Public
View
View of Bay
Sq Ft Approximate Building Total
1404
Capitalization Rate
11.25
Operating Expenses Actual
1800
Gross Income Actual
15300
Gross Rent Multiplier
7.84
Net Income Actual
13500
Occupancy Types
Month to Month, Vacant
Utilities Included
Sewer, Water
Number Of Units Total
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Pacific Properties.