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Turn of the century triplex with large shop 131 Ash St 4 Unit Apartment Building $325,000 ($81,250/Unit) 6.74% Cap Rate Myrtle Point, OR 97458
Investment Highlights
- Triplex with large shop
- 100% Occupied
- Nice hardwood floors and lots of charm
- Excellent Myrtle Point location adjacent the city park
- Light and bright with large bay window
- Large 26X32 shop with loft area and plenty of parking.
Executive Summary
Large turn of the century triplex with large shop in excellent Myrtle Point location adjacent the city park. First floor features a large 2 bedroom apartment that is light and bright with large bay window, nice hardwood floors and lots of charm. Upstairs has two, one bedroom apartments each approximately 750 square feet. Large corner lot featuring nice yard and some porches perfect for sitting an watching the park and neighborhood. Large 26X32 shop with loft area and plenty of parking. Perfect place to live and rent out the other units to pay the mortgage and have a shop in town! Priced to sell! Call today...Newer Roof.
Total # of Unit Type # Bedrms Baths Mo. Rent SQFT/Unit Features
1 2 1 $875 875 RANGE, REFRIG
1 1 1 $675 675 RANGE, REFRIG
1 1 1 $425 675 RANGE, REFRIG
1 0 0 $250 832
Occupancy Types: Rent Includes: SEWER, TRASHCOLL, WATER
Total # of Unit Type # Bedrms Baths Mo. Rent SQFT/Unit Features
1 2 1 $875 875 RANGE, REFRIG
1 1 1 $675 675 RANGE, REFRIG
1 1 1 $425 675 RANGE, REFRIG
1 0 0 $250 832
Occupancy Types: Rent Includes: SEWER, TRASHCOLL, WATER
Property Facts
| Price | $325,000 | Apartment Style | Low-Rise |
| Price Per Unit | $81,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.74% | Building Size | 2,876 SF |
| Gross Rent Multiplier | 1.5 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1909 |
| Property Subtype | Apartment | ||
| Zoning | RM - Multi- Family | ||
| Price | $325,000 |
| Price Per Unit | $81,250 |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| Gross Rent Multiplier | 1.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,876 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1909 |
| Zoning | RM - Multi- Family |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $875.00 | 875 |
| 1+1 | 2 | $550.00 | 675 |
| Studios | 1 | $250.00 | 832 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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Turn of the century triplex with large shop | 131 Ash St