Rare income-producing estate on 9.96 acres + adjoining 2.34 acre parcel with huge live-and-earn, multi-generational and investment potential. On the property are multiple income streams projected to exceed $20,500 per month from the 3,200 SF shop, 11 manufactured/mobile homes, 5 resident storage bays, barn and large 5,320 SF dual-living residence. This unique property offers massive upside in updating the vacant residence and improving the existing infrastructure. The manor residence features dual-living potential with the main level offering 3 spacious bedrooms, 2 full baths, large kitchen and dedicated office. Lower level has an additional 2 bedrooms, 1 bath, full kitchen and ample living/flex space. Projected rents are at $20,500 per month with an achievable pro-forma CAP rate of 6.17%. Financials available upon request.
158 days
|
367
|
7
|
Zillow last checked:
Listing updated:
Listed by:
Cory Carlson503-222-0282,
Constant Commercial Real Estate Inc
Source: RMLS (OR),MLS#: 257629781
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3
Main level bathrooms: 2
Rooms
Room types: Bedroom 2, Bedroom 3, Dining Room, Family Room, Kitchen, Living Room, Primary Bedroom
Primary bedroom
Level: Main
Heating
Baseboard
Appliances
Included: Built In Oven, Built-In Range, Cooktop, Dishwasher, Double Oven, Range Hood, Electric Water Heater
Laundry: Laundry Room
Features
Basement: Finished
Number of fireplaces: 2
Fireplace features: Wood Burning
Interior area
Total structure area: 5,250
Total interior livable area: 5,250 sqft
Property
Parking
Total spaces: 2
Parking features: Covered, Driveway, RV Boat Storage, Attached, Detached, Garage Partially Converted to Living Space
Attached garage spaces: 2
Has uncovered spaces: Yes
Features
Stories: 2
Patio & porch: Covered Patio, Porch
Exterior features: Yard
Lot
Size: 12.3 Acres
Features: Corner Lot, Gentle Sloping, Acres 10 to 20
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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