Share This Listing

Message

978 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Six rental units across two homes and two duplexes on 16.67 acres, generating an 8% cap rate.
  • Offers a diverse rental appeal and steady income.
  • Strong demand for housing in Bly, a gateway to outdoor recreation near Fremont-Winema National Forest.

EXECUTIVE SUMMARY

Exceptional Investment Opportunity on 16.67 Acres – Six Income-Producing Units
Discover a rare opportunity to own a versatile multi-unit property set on an expansive 16.67-acre parcel. This well-maintained estate includes a total of six income-generating residences, offering a blend of privacy, space, and strong rental potential.
The property features two charming stand-alone homes:
A spacious 3-bedroom, 2-bath residence ideal for a primary home or premium rental.
A cozy 2-bedroom, 1-bath home perfect for tenants seeking comfort and simplicity.
In addition, the estate includes two duplex buildings, each comprised of 2-bedroom, 1-bath units. These thoughtfully designed layouts appeal to long-term tenants and investors alike.
With ample open land surrounding the units, there's room for future expansion, recreational use, or agricultural ventures. Whether you're an investor looking to expand your portfolio or a buyer seeking a live-and-earn lifestyle, this unique property offers flexibility, immediate income, and long-term potential.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
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 - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
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

Price $450,000
Price Per Unit $21,429
Sale Type Investment
Cap Rate 8%
No. Units 21
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Lot Size 16.67 AC
Building Size 5,400 SF
Average Occupancy 100%
No. Stories 1
Year Built 1975
Parking Ratio 2.22/1,000 SF
Zoning RCR - RCR, R

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2 1 $750.00 -
2+1 20 $625.00 -
  • Listing ID: 31834744

  • Date on Market: 5/16/2024

  • Last Updated:

  • Address: Bly, OR 97622

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}