MLS# 24324494 – 1920 Chambers St, Eugene, OR 97405 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Hybrid Real Estate.

Property Description

Description

5 Units

Status: Active

Year Built: 1950

Days on Website: 7

Meticulously maintained and tastefully updated multifamily property in convenient and desirable location! Two 2bd/1bath units and three separate studios with a transferable ~$301k seller-carry note @ 5.25% for qualified buyer(s). Current price offers a fantastic ~8.574% cap rate with a proven track record of performance -- 3 units long term, 2 units short term; all units have been mindfully and continually updated. Many nearby amenities including parks, schools, shops, restaurants, entertainment, events, bike paths, bus lines, and more. Units available for showing w/ confirmation of appointment from LA. Please do not disturb tenants. Fifth unit noncomforming; buyer to do own due diligence regarding use with City and/or County. Without 5th unit counted in financials cap rate still ~6.381%. Also willing to decommission fifth unit for financed buyer with right terms! Be sure to reach out for the property pamphlet!

Property Details and Features

Unit Five

Area:

188

Actual Rent:

$1,528

Features:

Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Property Access

Road Surface Type:

Gravel,Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

2415

Built in 1950

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

WindowUnit

Expenses

Operating Expense:

$15,802

Exterior Features

Exterior Description:

ShingleSiding,WoodSiding

Heating

Heating Available

Heating:

Ductless

Income

CAP Rate:

8.57

Gross Income:

$82,254

Gross Rent Multiplier:

9.42

Net Operating Income:

$66,452

Listing

Contract Status Change Date:

2024-11-01

Days On Market:

Last Transaction Date:

2024-11-04 12:05:50

List Price:

$775,000

Listing Contract Date:

2024-11-01

Listing Id:

24324494

Mls Status:

Active

Modification Timestamp:

2024-11-19 08:42:51

On Market Date:

2024-11-01

Rent Includes:

Electricity,MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_244

County Or Parish:

Lane

Lot

Features:

Level

Size Acres:

0.19

Size Range:

SqFt7000to9999

Size Square Feet:

8,276

Size:

7,000 to 9,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,AnnualPropertyOperationData,MaintenanceRecordsAvailable,RentRecords

Parking

Features:

Assigned,Carport

5 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

R-1

Roof

Roof:

Composition

Schools

High School:

Churchill

Middle Or Junior School:

Arts & Tech

Elementary School:

Cesar Chavez

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,640

Legal Description

Tax Year:

2024

Unit One

Actual Rent:

$2,358

Area:

966

Features:

AirConditioning,Furnished,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,285

Area:

673

Features:

AirConditioning,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$920

Area:

288

Features:

AirConditioning,Range,Refrigerator,WindowCoverings

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$995

Area:

300

Features:

AirConditioning,Furnished,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Gas

Internet Service Type:

Cable

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$775,000 -

1920 Chambers St Eugene , OR 97405

MLS Area Major: _244

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.