851 W 5TH AVE, Eugene, OR 97402
- $1,300,000
- List Price
- $1,300,000
- Price Change
- ▼ $75,000 1776245545
- Days on Market
- 575
- MLS#
- 189796170
- Property Type
- Multifamily
- Lot Size
- 7, 000 to 9, 999 SqFt
- Region
- Lane Co: West Eugene
- Status
- ACTIVE
Property Description
Investor Opportunity! This 8-unit apartment building is only 2 miles from the University of Oregon campus and boasts a 6.13% cap rate on current income. All units are 2-bed/1-bath, 648 sqft. Amenities include on-site laundry, 10 parking spots and shared balconies. Recent upgrades include new exterior paint, new flooring, new cabinets and updated bathrooms in select units. A new owner could recapture $4,800/year by implementing utility bill-backs. Don't miss out on this opportunity!
Additional Information
- Tax Amount
- $9,351
- Year Built
- 1968
- Middle School
- Kelly
- Acres
- 0.22
- Stories
- 2
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Baseboard
- Hoa Rent Includes
- Maintenance Grounds, Sewer, Trash Collection, Water
- Exterior Description
- Wood Composite
- Sewer Description
- Public Sewer
- Number Of Units Total
- 8
- Unit Type One Baths Total
- 1
- Unit Type One Beds Total
- 2
- Unit Type One Rent
- 1370
- Unit Type One Sq Ft
- 648
- Unit Type One Units Total
- 8
Mortgage Calculator
Listing courtesy of Bridge Creek Realty.
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