Rare turnkey riverfront investment opportunity with exceptional upside potential. Property includes a 6-plex where every unit has been meticulously restored to like-new condition with extensive structural improvements and quality upgrades throughout. Features include mini-split HVAC systems, new roof, new windows, updated cabinets, flooring, plumbing and electrical fixtures, plus a new septic system and well system for long-term reliability. Property also includes an additional manufactured home, community laundry facility, dog run, and expansive parking area. The riverfront setting creates an attractive amenity for tenants or owner use while offering the potential to develop an additional revenue stream catering to short-stay or vacation clientele. Scheduled gross income of approximately $120,000 annually, low operating expenses, and an attractive 6.86% capitalization rate make this a compelling opportunity for investors seeking strong cash flow and future growth potential.
67 days
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264
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13
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Zillow last checked:
Listing updated:
Listed by:
Windermere Van Vleet & Assoc2541-779-6520
Source: Oregon Datashare,MLS#: 220222523
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Full bathrooms: 2
Heating
Ductless
Cooling
Ductless
Appliances
Included: Range, Refrigerator, Tankless Water Heater
Features
Flooring: Vinyl
Windows: Double Pane Windows
Basement: None
Has fireplace: No
Common walls with other units/homes: 2+ Common Walls
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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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