716 Pioneer Road – 6-Unit Multifamily Opportunity

Opportunity is knocking! This sixplex is a unique and rare investment opportunity, offering a great location in Brookings. This vibrant coastal community is renowned for its beautiful beaches, temperate climate, and thriving outdoor recreation scene. With a growing arts culture and strong appeal to both locals and visitors, Brookings offers tremendous potential for long-term rental investments. The area’s proximity to the Chetco River, nearby parks, and the California border makes it a prime location for those seeking both natural beauty and access to a range of activities. 

This property consists of six residential units, each featuring two bedrooms, one and a half bathrooms, a private backyard area, and a garage for additional storage. These units currently generate a stable income stream, with a gross monthly rental income of $6,735. There is also upside potential, presenting an opportunity for an investor to grow revenue as rental rates are adjusted to market levels.

In addition to the strong income, the property has already undergone substantial improvements, with over $130,000 invested over the past year and a half. These upgrades reduce the need for immediate repairs or renovations, with all but one unit being recently renovated. 

With a stable tenant base, recent improvements, and the potential for future rent increases, this property represents a solid and rare investment opportunity. Furthermore, the growing demand for rental units in the area adds to the long-term potential, making it an attractive option for investors looking for both stability and growth.