MLS# 24130362 – 48074 E 1st St, Oakridge, OR 97463 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere RE Lane County.

Property Description

Description

3 Units

Status: Active

Year Built: 1948

Days on Website: 33

Great investment opportunity in Oakridge. This is a triplex, 48074 and 48076 1st street. One unit is currently a successful airbnb. Main house (48076) is a 4 bedroom 1 1/2 bath, approximately 2070 sq ft. The large yard is enclosed with a secure fence for privacy. The other 2 units have 1 bedroom and 1 bath each. All are nicely updated and ready for a new investor or owner occupied with income potential. Get in while the gettin's still good in up and coming Oakridge. 2 of the 3 units are available to view now!!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2970

Built in 1948

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Expenses

Operating Expense:

$3,460

Exterior Features

Exterior Description:

T111Siding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

8.67

Gross Income:

$42,000

Gross Rent Multiplier:

10.71

Net Operating Income:

$39,000

Listing

Contract Status Change Date:

2024-10-21

Days On Market:

Last Transaction Date:

2024-11-19 17:59:08

List Price:

$450,000

Listing Contract Date:

2024-10-21

Listing Id:

24130362

Mls Status:

Active

Modification Timestamp:

2024-11-23 01:40:46

On Market Date:

2024-10-21

Rent Includes:

Electricity

Standard Status:

Active

Location

MLS Area Major:

_234

County Or Parish:

Lane

Lot

Features:

CornerLot,Level

Size Acres:

0.24

Size Range:

SqFt10000to14999

Size Square Feet:

10,454

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Driveway,OffStreet

4 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Oakridge

Middle Or Junior School:

Oakridge

Elementary School:

Oakridge

Security Features

Features:

SecurityGate

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$3,430

Legal Description

Unit One

Actual Rent:

$1,795

Area:

2070

Units Total:

2 total bathrooms

4 total bedroom

Unit Two

Actual Rent:

$900

Area:

500

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$850

Area:

400

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable,DSL

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$450,000 -

48074 E 1st St Oakridge , OR 97463

MLS Area Major: _234

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.