Attention Investors! This is an incredible investment opportunity you won't want to miss! This property features TWO beautifully remodeled homes with breathtaking views of the Chetco River and Bridge. The best part? There are NO HOA fees or space rent as you own the land! Plus, it's conveniently located just a short distance from shopping, dining, and beaches. You can choose to live in one home and rent out the other or rent them both out for maximum income potential. The shared laundry room on site adds even more convenience for tenants. Currently, each home rents for $1,680 EACH to traveling nurses, making for a solid income stream. And with a total combined property tax of only $800 in 2022, this investment will continue to be profitable for years to come. There is a 30 day minimum on rentals, however, Brookings is in desperate need of rentals, so act fast to secure this fantastic investment opportunity!
Sold
$375,000
97786 S Bank Chetco River Rd, Brookings, OR 97415
2beds
792sqft
Multi Family
Built in 1992
-- sqft lot
$-- Zestimate®
$473/sqft
$1,609 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,609/mo
Zestimate® history
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Owner options
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$1,609/mo
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Rent Zestimate®
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$2,124/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: July 19, 2023 at 09:24am
Listed by:
Jennifer Gates 541-412-9535,
RE/MAX Coast and Country
Bought with:
Sarah Pettinger, 871000111
Blue Pacific Realty
Source: RMLS (OR),MLS#: 22531179
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Range, Refrigerator, Electric Water Heater
- Laundry: Common Area
Features
- Windows: Window Coverings
- Basement: None
Interior area
- Total structure area: 792
- Total interior livable area: 792 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved
Features
- Patio & porch: Deck
- Has view: Yes
- View description: Mountain(s), River
- Has water view: Yes
- Water view: River
- Body of water: Chetco River
Lot
- Features: Level, Ocean Beach One Quarter Mile Or Less, Sloped, SqFt 7000 to 9999
Details
- Additional parcels included: M31772,M31762
- Parcel number: R22162
- Zoning: C1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1992
Utilities & green energy
- Gas: Propane
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Laundry
Location
- Region: Brookings
HOA & financial
Other financial information
- Total actual rent: 3080
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/19/2023 | Sold | $375,000-6%$473/sqft |
Source:  RMLS (OR) #22531179 Report a problem | ||
| 7/1/2023 | Pending sale | $399,000$504/sqft |
Source: RMLS (OR) #22531179 Report a problem | ||
| 3/20/2023 | Listing removed | -- |
Source:  RE/MAX International Report a problem | ||
| 3/8/2023 | Pending sale | $399,000$504/sqft |
Source: RE/MAX International #22531179 Report a problem | ||
| 3/8/2023 | Listed for sale | $399,000$504/sqft |
Source: RE/MAX International #22620002 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2018 | $114 +3.3% | $15,560 +5.8% |
| 2017 | $110 -3.6% | $14,710 -6.4% |
| 2016 | $114 | $15,710 |
Find assessor info on the county website
Neighborhood: 97415
Nearby schools
GreatSchools rating
- 5/10Kalmiopsis Elementary SchoolGrades: K-5Distance: 0.9 mi
- 5/10Azalea Middle SchoolGrades: 6-8Distance: 0.8 mi
- 4/10Brookings-Harbor High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Kalmiopsis
- Middle: Azalea
- High: Brookings-Harbr
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Oregon
- Curry County
- Brookings
- 97415
- 97786 S Bank Chetco River Rd