MLS# 24179310 – 3425 Coburg Rd, Eugene, OR 97408 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of United Real Estate Properties.

Property Description

Description

2 Units

Status: Active

Year Built: 1940

Days on Website: 261

Coburg Rd. DEVELOPMENT PROPERTY! 2.82 acres and it comes with a 1880 sqft 3 bedroom 2.5 bath house and a 432 sqft 1 bedroom 1 bath apartment. The sale includes two tax lots 17-03-09-34-02900 & 17-03-09-34-03000. According to city of Eugene there is a waste water connection on Craftsman Way that is about 7 ft deep and there are two possible storm water destinations. One is a ditch on the opposite side of Coburg Rd and the other is a drainage way along the southern edge of the subject properties. This is a perfect property for your middle housing development. Viewing with accepted offer. Rents are below market value due to family and friends living there. Property is sold as-is. Seller is willing to consider selling the back tax lot separately or possibly do a lot line adjustment and keep the duplex. Buyer to do due diligence.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2312

Built in 1940

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Expenses

Operating Expense Scheduled:

5090

Operating Expense:

$5,090

Exterior Features

Exterior Description:

LapSiding,WoodSiding

Foundation

Foundation Details:

Slab,StemWall

Heating

Heating:

WallHeater

Income

CAP Rate:

0.68

Gross Income:

$13,200

Gross Rent Multiplier:

90.91

Gross Scheduled Income:

$37,200

Net Operating Income:

$8,110

Net Scheduled Income:

32110

Listing

Contract Status Change Date:

2024-03-06

Days On Market:

260

Last Transaction Date:

2024-09-10 16:49:50

List Price:

$1,200,000

Listing Contract Date:

2024-03-06

Listing Id:

24179310

Mls Status:

Active

Modification Timestamp:

2024-09-10 16:49:50

On Market Date:

2024-03-06

Previous List Price:

$1,300,000

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_241

County Or Parish:

Lane

Lot

Features:

Level,PublicRoad

Size Acres:

2.82

Size Range:

Acres1to3

Size Square Feet:

122,839

Size:

1 to 2.99 Acres

Miscellaneous

Investor Information:

Incomplete

Parking

Features:

Driveway,RVAccessParking

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

R-1

Roof

Roof:

Composition

Schools

High School:

Sheldon

Middle Or Junior School:

Cal Young

Elementary School:

Gilham

Sewer

Sewer:

SepticTank

Taxes

Annual Amount:

$4,390

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$500

Area:

1880

Features:

Refrigerator,WasherDryerHookup,WindowCoverings,WoodFloors

Units Total:

3 total bathrooms

3 total bedroom

Unit Two

Actual Rent:

$600

Area:

432

Features:

Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Internet Service Type:

Cable

Water Source:

Well

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,200,000 -

3425 Coburg Rd Eugene , OR 97408

MLS Area Major: _241

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.