1898 WINCHESTER AVEReedsport, OR97467
$400,000
6 total units
$28,080 annual income
Capitilization Rate: 3.3
5125 sq. ft
SqFt7000to9999
Elementary School: Highland
Middle School: North Douglas
High School: Reedsport
Zoning: 201
717 days on market
VestorFilter™
Price per unit$66.7K/unit
Price per ft²$78.05/ft²
Time on market717 days
Property Description
Excellent income opportunity! Mixed use property near the coast on HWY 101. Great location w/easy access to everything. 3 commercial units facing the road. 4 residential studios upstairs, a 1BR unit downstairs that can be commercial or residential, and a 2BR unit off the alley. Garage space too. From experience, we know it's a great place to crash before/after a weekend fishing trips! Save one unit for YOU. Earn $ on the rest. Repairs needed but income potential!!!! Do not disturb tenants.
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Financial Data
Date Sold2022-07-21
Sold Price$355,000
Original Price$400,000
Current Price$400,000
Property Taxes$2,745
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Home Facts
StatusClosed
Year Built1950
Exterior Features
MLS ID22285711
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
