MLS# 24075745 – 116 W Central Ave, Sutherlin, OR 97479 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of eXp Realty, LLC.

Property Description

Description

3 Units

Status: Pending

Year Built: 1971

Days on Website: 149

TURN KEY INCOME PROPERTY in a fantastic location zoned C1!! This investor special features a spacious commercial storefront on busy street in the quickly growing Sutherlin area, plus 2 separate 1 bedroom apartments upstairs with private parking in the rear. Lower level also has central heat/AC, bathroom & newer flooring. Good rental history & ready for a new owner! Great option for a live-work option! Call today!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

None

Building

Building Area Total:

2688

Built in 1971

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling Equipped

Cooling:

CentralAir

Expenses

Operating Expense:

$4,988

Exterior Features

Exterior Description:

Block

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

8.38

Gross Income:

$27,540

Gross Rent Multiplier:

9.77

Net Operating Income:

$22,552

Listing

Contract Status Change Date:

2024-11-15

Cumulative Days On Market:

143

Days On Market:

143

Last Transaction Date:

2024-11-19 08:51:57

List Price:

$269,000

Listing Contract Date:

2024-06-25

Listing Id:

24075745

Mls Status:

Pending

Modification Timestamp:

2024-11-19 08:55:13

Off Market Date:

2024-11-15

On Market Date:

2024-06-25

Previous List Price:

$289,000

Purchase Contract Date:

2024-11-15

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_256

County Or Parish:

Douglas

Lot

Features:

Level,PublicRoad

Size Acres:

0.06

Size Range:

SqFt0Kto2999

Size Square Feet:

2,613

Size:

0K to 2,999 SqFt

Parking

Features:

OffStreet,OnStreet

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Approximately

Property View

Zoning:

Roof

Roof:

BuiltUp

Schools

High School:

Sutherlin

Middle Or Junior School:

Sutherlin

Elementary School:

Sutherlin

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,799

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$585

Area:

672

Features:

Range

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$850

Area:

672

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$860

Area:

1344

Features:

AirConditioning

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$269,000 -

116 W Central Ave Sutherlin , OR 97479

MLS Area Major: _256

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 12:47PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.