MLS# 24153111 – 510 Se Floed Ave, Roseburg, OR 97470 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Different Better Real Estate.

Property Description

Description

6 Units

Status: Active

Year Built: 1912

Days on Website: 129

Owner Carry considered with $100,000+ down. Presenting an excellent investment opportunity in the heart of Roseburg! This attractive 6-unit apartment complex, located on a corner lot in the historic district, features craftsman charm and great curb appeal! The property features four 1-bedroom apartments, and two cozy studio apartments. Recent updates include full remodels on two ground floor units. Each unit is separately metered for gas and electric, and coin-op laundry is onsite, allowing for increased cashflow. Situated close to town and within walking distance to all the amenities of downtown Roseburg. Don't miss out on this great investment opportunity in the vibrant and historic area of Roseburg. Add this beautiful 6-plex to your rental portfolio today!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

3216

Built in 1912

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5,UnitTypeType6

Community

Community Features:

Laundry

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

18000

Operating Expense:

$15,601

Exterior Features

Exterior Description:

Stucco

Foundation

Foundation Details:

PillarPostPier

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

8.12

Gross Income:

$52,980

Gross Rent Multiplier:

7.34

Gross Scheduled Income:

$58,400

Net Operating Income:

$31,588

Net Scheduled Income:

34980

Listing

Contract Status Change Date:

2024-07-17

Days On Market:

128

Last Transaction Date:

2024-11-21 14:37:44

List Price:

$389,000

Listing Contract Date:

2024-07-17

Listing Id:

24153111

Mls Status:

Active

Modification Timestamp:

2024-11-21 14:37:44

On Market Date:

2024-07-17

Previous List Price:

$399,900

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_253

County Or Parish:

Douglas

Lot

Features:

CornerLot,Level

Size Acres:

0.11

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,ProfitLossStatement,RentRecords

Parking

Features:

OnStreet

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

MR14

Roof

Roof:

Composition

Schools

High School:

Roseburg

Middle Or Junior School:

Fremont

Elementary School:

Eastwood

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,671

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$875

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$725

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$465

Features:

Range,Refrigerator

Units Total:

1 total bathroom

Unit Four

Actual Rent:

$900

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Five

Actual Rent:

$700

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Six

Actual Rent:

$750

Features:

Range,Refrigerator

Units Total:

1 total bathroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$389,000 -

510 Se Floed Ave 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.