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Listed by Bridge Creek Realty
$ 1,375,000
Est. payment /mo
Price Dropped by $25K
851 W 5TH AVE Eugene, OR 97402
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 189796170
Year Built 1968
Annual Tax Amount $9,351
Tax Year 2024
Lot Size 9,583 Sqft
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!
Location
State OR
County Lane
Area _245
Zoning MF
Interior
Heating Baseboard
Exterior
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools Kelly
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
