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Listed by Pacific Properties • 541-260-2651
$1,300,000
Est. payment /mo
1.8 Acres Lot
New
67420 E BAY RD North Bend, OR 97459
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 215307807
Year Built 1989
Annual Tax Amount $1,930
Tax Year 2024
Lot Size 1.800 Acres
Property Description
Exceptional Glasgow Investment or Redevelopment Opportunity – 1.8 Acres. Unlock the potential of this unique 1.8-acre property in the desirable Glasgow area. Currently configured with four home sites—including three manufactured homes under lease and one land lease—this property offers immediate rental income with below-market rents, presenting upside for savvy investors. Key infrastructure is already in place: four operational septic systems, four individual water meters, and fully separated utilities for each unit. Three of the manufactured homes feature new roofs, and the grounds have been professionally landscaped and well maintained, reflecting pride of ownership. Additional amenities include five carports and a workshop, enhancing both functionality and tenant appeal. Strategically situated with easy access to town and located in an area known for its favorable weather and enduring demand, this property is ideal for investors seeking stable cash flow or for developers considering future redevelopment. While redevelopment would require a significant upfront investment to remove the existing homes and reimagine the site, the location and infrastructure lay a solid foundation for a transformative project. Don't miss this chance to secure a property with both immediate income and long-term potential in one of the region's most attractive settings.
Location
State OR
County Coos
Area _260
Zoning RC
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Story 1
Sewer Standard Septic
Water Public Water
Level or Stories 1
Schools
Elementary Schools North Bay
Middle Schools North Bend
High Schools North Bend
Others
Acceptable Financing Cash
Listing Terms Cash
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