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2301 Willamette St 5 Unit Apartment Building $695,000 ($139,000/Unit) 5.63% Cap Rate Eugene, OR 97405
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity
- Close to ongoing redevelopment
- Excellent Location in Business and University Districts
EXECUTIVE SUMMARY
Unique opportunity for a 5-unit complex in the heart of Eugene, OR. Two detached buildings. The main house has a 3-bedroom unit on the upper level, with a 2-bedroom unit in the basement. Detached triplex along E. 23rd St offers identical 1 bedroom/1 bathroom units. Rental agreements are long-term under month-to-month terms. Property being sold in AS-IS condition and known deferred maintenance exists. Buyer to complete due diligence about possible partition of the two buildings. Zoned for high density residential use. Excellent long-term redevelopment play. Current onsite parking.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,650 | 1,474 |
| 2+1 | 1 | $675.00 | 1,280 |
| 1+1 | 3 | $865.00 | 645 |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Biker's Paradise (100)
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2301 Willamette St
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