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 $5,175. There is also upside potential, presenting an opportunity for an investor to grow revenue as the final unit is rented (Unit 5 is currently vacant) and 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.