23475 HIGHWAY 99E, Harrisburg, OR 97446

$775,000
List Price
$775,000
Days on Market
405
MLS#
19415875
Property Type
Multifamily
Lot Size
3 to 4.99 Acres
Region
Linn County
Status
Active

Property Description

16 rental units on 3.28 acres. Gross annual income is $81,000 with gross expenses of $31,400 leaving a net operating income of $49,560. 6.4% cap rate and 9.56 GRM. Expenses include sewer, insurance, taxes ($3042.87 for 2018), repairs & maintenance (est. at $250/Mo.), Onsite manager who receives free rent ($600/Mo.) and manager's utilities $320/Mo. Rents are VERY low and have upside potential!!

Additional Information

Tax Amount
$3,042
Year Built
1945
High School
Harrisburg
Elementary School
Harrisburg
Middle School
Harrisburg
Stories
1
Terms
Call Listing Agent, Cash, Conventional
Cooling Description
None
Fuel Description
Electricity
Heating Description
Zoned
Hot Water Description
Electricity
Exterior Description
Lap Siding
Roof Type
Composition
Sewer Description
Other, Septic Tank
Water Description
Well
View
Valley
Sq Ft Approximate Building Total
7000
Capitalization Rate
6.39
Operating Expenses Actual
31440
Gross Income Actual
81000
Gross Rent Multiplier
9.57
Net Income Actual
49560
Occupancy Types
Month To Month
Number Of Units Total
16

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Michael J. Jacobson.

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