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1740 Spruce St
Myrtle Point, OR 97458
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Excellent location in Myrtle Point.
- Building is nicely laid out with private entrances
- Large windows and dormers creating vaulted ceilings
- Situated on a large level lot with plenty of parking and yard space
- Exterior has been well maintained with newer roof
Executive Summary
Large 5 unit apartment building in excellent location in Myrtle Point. Situated on a large level lot with plenty of parking and yard space. Building is nicely laid out with private entrances, and some small porches. Exterior has been well maintained with newer roof, windows and some siding renovations. Interior is light and bright with large windows and dormers creating vaulted ceilings as well as some recent updates including flooring, paint and attractive finishes. Excellent income production with room to increase rents and improve occupancy. Call today to schedule a private tour or get more information.
Property Facts
| Price Per Unit | $97,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.25% | Lot Size | 0.34 AC |
| Sale Condition | Sale Leaseback | Building Size | 4,360 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1985 |
| Zoning | R-1 - General Multi - Family Residential | ||
| Price Per Unit | $97,000 |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Sale Condition | Sale Leaseback |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,360 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | R-1 - General Multi - Family Residential |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,100 | 504 |
| 2+1 | 4 | $850.00 | 845 - 870 |
Property Taxes
| Parcel Number | 1001136218 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $221,150 |
Property Taxes
Parcel Number
1001136218
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$221,150
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