1202 IRIS ST, Brookings, OR 97415

$499,000
3
BD
1
BA
1,080
SqFt

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List Price
$499,000
Days on Market
12
Status
ACTIVE
MLS#
529897212
Rent
2195
Bedrooms
3
Bathrooms
1
Living Area
1,080
Lot Size
7, 000 to 9, 999 SqFt
Region
Curry Co: City, Airport, Marina Hts, NB Chetco

Property Description

Rare Brookings Investment Opportunity! Two detached homes on one .18-acre corner lot offer exceptional flexibility for investors, multi-generational living, or owner-occupants looking to generate rental income. Live in one home while renting the other, or lease both for long-term income. This property is also an excellent opportunity for buyers completing a 1031 Exchange and seeking to invest in the highly desirable Brookings market. The front home features 3 bedrooms and 1 bathroom, while the second home offers 3 bedrooms and 2 bathrooms. Both homes have been tenant occupied and most rooms have vinyl windows, providing a solid starting point for future updates and added value. Whether you're looking for immediate rental income or a property with long-term upside, this is a rare opportunity to own two homes on one parcel. Ideally located just minutes from downtown Brookings, you'll enjoy convenient access to shopping, restaurants, schools, medical facilities, the Port of Brookings Harbor, and some of the Southern Oregon Coast's most beautiful beaches. From the street and driveway, you'll catch glimpses of the Pacific Ocean, and you'll appreciate the refreshing coastal air and the soothing sound of the surf. Outdoor enthusiasts will love the nearby opportunities for beachcombing, hiking, fishing, kayaking, and exploring the spectacular coastline. The property's zoning does not permit short-term vacation rentals, making it best suited for owner occupancy or long-term rental investment. Multi-unit properties in Brookings rarely become available, making this an outstanding opportunity to build wealth in one of the Oregon Coast's most sought-after communities.

Additional Information

Tax Amount
$2,277
Year Built
1953
High School
Brookings-Harbr
Elementary School
Kalmiopsis
Middle School
Azalea
Acres
0.18
Living Area
1,080
Stories
1
Property Type
Single Family Residence
Terms
Cash, Conventional
Master Bedroom Level
Main
Fuel Description
Electricity
Heating Description
Baseboard, Wall Heater
Hot Water Description
Electricity
Exterior Description
T-111 Siding
Roof Type
Composition
Sewer Description
Public Sewer
Style
1 Story
View
Territorial
Parking
Driveway
Parking Description
Driveway
Road Surface
Paved
Exterior Features
Dog Run, Fenced, Yard
Interior Features
Laminate Flooring, Wood Floors
Kitchen Appliances
Dishwasher, Free-Standing Range, Microwave

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Century 21 Agate Realty.

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