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350 Alder Street 350 Alder St 4 Unit Apartment Building $659,000 ($164,750/Unit) Central Point, OR 97502
INVESTMENT HIGHLIGHTS
- Nearby shopping, transportation, Restaurants and schools.
EXECUTIVE SUMMARY
Great looking 4-Plex that checks all the right boxes. Fully tenant occupied, sporting a NEW ROOF... it's clean, non-smoking and well maintained with a strong rental and operational history, this investment will not disappoint. All units are 960 sq ft, with two-bedroom, one bath, carpet and vinyl flooring, electric heating and wall AC for cooling. All appliances are electric. Other bonuses include a new roof, newer thermal windows throughout and an onsite laundry and storage area. Tenants appreciate the short distance to area shops and restaurants, banking, and nearby medical and travel services. Unit two received more recent paint, flooring and general upgrades. Property is professionally managed.
PROPERTY FACTS
| Price | $659,000 | Building Class | B |
| Price Per Unit | $164,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,840 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1971 |
| Zoning | R-3 | ||
| Price | $659,000 |
| Price Per Unit | $164,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 3,840 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | R-3 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Double Pane Windows
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 960 |
1 1
Walk Score®
Very Walkable (79)
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350 Alder Street | 350 Alder St
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