MLS# 23463521 – 957 Se Stephens St, Roseburg, OR 97470 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Southern Oregon-Umpqua Valley.

Property Description

Description

3 Units

Status: Active

Year Built: 1885

Days on Website: 394

Home Buyers - Occupied Owners! Start your investment portfolio! Use the rental income to qualify for this triplex with as low as 5% down! Investor Alert! Exceptional Opportunity at 957 SE Stephens St, Roseburg, OR! Owner terms will be considered with 30-50% down.This charming building, situated on a spacious lot, boasts covered porches and roomy units offering both privacy and stunning views. The expansive lot extends to Stephens St and includes a street-front garage ideal for office or storage space available for rent. With close proximity to public transit and essential services, this property presents an attractive option for both living and investment.This building features **three units** totaling **3,274 sqft** on **0\.32 acres**. Whether you're looking to become a homeowner or an investor, this property offers a unique opportunity: with as little as 5% down, you can qualify for financing using the rental income from the existing units, making it easier than ever to step into real estate investment.Additionally, two more buildings are available nearby, expanding your investment potential to a total of **16 units**. Explore **1014 SE Pine St**, which offers **5 units**, and **968 SE Pine St**, featuring **7 units** plus a detached **2/1 home**. Don't miss this chance to grow your portfolio in a thriving area!Seize the moment and make this investment opportunity yours today!

Property Details and Features

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

CrawlSpace

Building

Built in 1885

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense Scheduled:

12043

Operating Expense:

$12,043

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter,PillarPostPier

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

8.43

Gross Income:

$47,880

Gross Rent Multiplier:

8.88

Gross Scheduled Income:

$47,880

Net Operating Income:

$35,836

Net Scheduled Income:

35863

Listing

Contract Status Change Date:

2023-10-26

Days On Market:

394

Last Transaction Date:

2024-11-01 18:03:18

List Price:

$425,000

Listing Contract Date:

2023-10-26

Listing Id:

23463521

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2023-10-26

Previous List Price:

$450,000

Rent Includes:

Electricity,Gas,MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_253

County Or Parish:

Douglas

Lot

Features:

GentleSloping,Level,Private

Size Range:

SqFt20000toAcres1

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner,Leases,RentRecords,UtilityRecordsAvailable

Parking

Features:

Open

4 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Roseburg

Middle Or Junior School:

Fremont

Elementary School:

Fir Grove

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,204

Legal Description

Tax Year:

2022

Unit One

Actual Rent:

$1,325

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,200

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,350

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

DSL,Satellite

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$425,000 -

957 Se Stephens St Roseburg , OR 97470

MLS Area Major: _253

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.