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819 12th St

1,160 SF Speciality Building Offered at £260,594 at a 7% Net Initial Yield in Port Orford, OR 97465

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Investment Highlights

High demand for Rentals in the area
Close to Garrison Lake and Ocean Beaches

Rental includes Electric, Water, Trash and Internet

Executive Summary

This centrally located duplex offers an exceptional opportunity for savvy investors or those seeking to offset mortgage costs by living in one unit and renting out the other. Situated in a vibrant community near beaches and the library, this property boasts convenience and potential income. Each unit features one bedroom and one bath, providing comfortable living spaces for tenants. Don't miss out on this fantastic opportunity to invest in a duplex with rental income in a prime location. Schedule a viewing today!

Plat Map TL 1602

Cost breakdown

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£24,238	£20.89
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£24,238	£20.89
Taxes	£804	£0.69
Operating Expenses	£4,182	£3.61
Total Expenses	£4,986	£4.30
Net Operating Income	£19,251	£16.60

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£24,238
Annual Per SF	£20.89

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£24,238
Annual Per SF	£20.89

Taxes
Annual	£804
Annual Per SF	£0.69

Operating Expenses
Annual	£4,182
Annual Per SF	£3.61

Total Expenses
Annual	£4,986
Annual Per SF	£4.30

Net Operating Income
Annual	£19,251
Annual Per SF	£16.60

Property Facts

Price	£260,594	Lot Size	0.29 AC
Price Per SF	£225	Building Size	1,160 SF
Sale Type	Investment	Number of Floors	1
Net Initial Yield	7%	Year Built/Renovated	1953/2022
Gross Rent Multiplier	11.41	Parking Ratio	3.45/1,000 SF
Property Type	Speciality	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Residential Income

Price	£260,594
Price Per SF	£225
Sale Type	Investment
Net Initial Yield	7%
Gross Rent Multiplier	11.41
Property Type	Speciality
Property Subtype	Residential Income
Lot Size	0.29 AC
Building Size	1,160 SF
Number of Floors	1
Year Built/Renovated	1953/2022
Parking Ratio	3.45/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.