Published on: 01/20/2025
This news was posted by Bay Area Chamber of Commerce (BACC)
Description
๐ข Exciting Investment Opportunity in North Bend, Oregon! ๐
Looking for a prime multifamily property to add to your portfolio? Check out the Marion Street Apartments, a well-maintained 12-unit apartment complex located at 2394 Marion St, North Bend, OR.
Investment Highlights:
๐ฐ Price: $1,450,000 ($120,833/unit)
๐๏ธ Units: 9 two-bedroom, 2 one-bedroom, 1 studio
๐ณ Large fenced yards with mature landscaping
๐ ๏ธ Updated interiors, modernized electrical/plumbing, and new water heaters
๐งบ On-site coin-operated laundry facility and additional storage units
๐ Opportunity to increase rental income with premium upgrades
Why Invest?
This garden-style apartment community offers tenants a home-like feel with open layouts, back patios, and spacious outdoor spaces. Located in an Opportunity Zone, this property is perfect for investors seeking long-term value and growth potential.
Property Details:
Building Size: 8,550 SF
Cap Rate: 6.64%
Lot Size: 0.44 acres
Built: 1961
Don't miss this chance to own a stable, income-generating property with room for growth in the beautiful coastal city of North Bend!
๐ Contact Marcus & Millichap today for more details!
โก๏ธ Click here for more info: https://www.loopnet.com/Listing/2394-Marion-St-North-Bend-OR/34349445/
#RealEstateInvestment #MultifamilyProperty #northbendoregon #OpportunityZone #MarionStreetApartments
News Source : https://www.facebook.com/800812012091502/posts/1066669652172402
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