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582 Winchester Ave, Reedsport, OR 97467

$995,000

48 Photos

Property Description

Prime Mixed-Use Investment Opportunity in Old Town Reedsport – 6 Units with Incredible Income & Upside! Welcome to an exceptional multi-use investment property located just one block from charming Old Town Reedsport! Priced at $995,000, this fully renovated 6-unit property delivers stellar monthly gross rents with even more room to grow.Featuring a versatile 6-unit mix comprised of 5 residential units and 1 commercial space, this asset is designed for strong cash flow right out of the gate. Most units have been meticulously updated with modern finishes, luxury flooring, and contemporary kitchens and baths, minimizing deferred maintenance for the new owner.Fully renovated features throughout attract high-quality tenants and command top-tier market rents. The Commercial Space features a convenient bathroom and dedicated office area. Situated in a high-visibility, pedestrian-friendly area just steps away from Old Town Reedsport's local shopping, dining, and scenic waterfront views. Don't miss out on this high-performing coastal income property. Schedule your tour today!

582 Winchester Ave | MLS# 414753101

This multi-family property located at 582 Winchester Ave, Reedsport, OR 97467 is currently listed for sale with an asking price of $995,000. Search Reedsport real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: None
Fuel Type: Electricity
Heating: WallHeater
Roof Type: Membrane
Stories: 2.0
Taxes: $4,729
Year Built: 1964
Square Feet: 4,672

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Features: Microwave, Range, Refrigerator, WasherDryer
Rent: $2250.00
Square Footage: 1000
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Features: Microwave, Range, Refrigerator
Rent: $1525.00
Square Footage: 700
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 1
Features: Microwave, Range, Refrigerator
Rent: $500.00
Square Footage: 700
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Microwave, Range, Refrigerator
Rent: $1550.00
Square Footage: 850
Total Units: 1
Unit Type 5:
Bathroom(s): 1
Bedrooms: 1
Features: Microwave, Range, Refrigerator
Rent: $915.00
Square Footage: 700
Total Units: 1
Unit Type 6:
Bathroom(s): 1
Rent: $850.00
Square Footage: 700
Total Units: 1

Feature Descriptions

Days on Site: 59
Exterior: Brick, Wood Siding
Gross Income: $91080.00 (Actual)
Hot Water: Electricity
Lot: Corner Lot, Level
Net Income: $81108.00 (Actual)
Operating Expenses: $9972.00 (Actual)
Parking: Carport, OnStreet
Parking Notes: Carport, OnStreet
Sewer: Public Sewer
Units: 6
Water: Public Water

Local Schools

High School: Reedsport
Middle School: Reedsport
Elementary School: Highland

Listed By / Shown By

Listed By

Agency Name: Triple Oaks Realty LLC
Agency Contact: 541-225-8815

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimate Your Payment

Estimated Payment

$ 5,715.55 per month $5,031.26 Principal & Interest $394.08 Property Tax $290.21 Homeowner's Insurance

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