MLS# 24374533 – 1676 W Broadway, Eugene, OR 97402 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Parker Heights Realty.

Property Description

Description

3 Units

Status: Active

Year Built: 1997

Days on Website: 118

Welcome to this meticulously maintained triplex in West Eugene, This investment property is truly turn key with reliable quality tenants. Ideally situated near shopping, eateries, the Lane County Fairgrounds, just minutes from downtown Eugene, and the University of Oregon. This property offers a perfect blend of comfort and convenience with its well-cared-for units, Alll units have been fully updated over the last 2 years, featuring oak cabinets, new exterior paint, individual washer and dryer hookups,and modern upgrades throughout. Each unit is equipped with contemporary appliances, new flooring, and fresh interior paint,Ensuring a move-in ready experience for tenants. The upper units boast private balconies, providing serene outdoor spaces to enjoy, while the downstairs unit features a charming patio. The property includes three separate 9x7 storage units and designated parking spaces for each unit. With low-maintenance grounds, this triplex offers easy management, making it an excellent investment opportunity in a desirable location. Please do not disturb tenants.

Property Details and Features

Property Access

Road Surface Type:

Concrete,Paved

Basement

Basement:

None

Building

Building Area Total:

2810

Built in 1997

Storage:

Attached,IndividualStorageUnits

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

None

Expenses

Operating Expense:

$3,000

Exterior Features

Exterior Description:

T111Siding,WoodSiding

Foundation

Foundation Details:

Slab

Heating

Heating:

WallHeater

Income

CAP Rate:

5.7

Gross Income:

$47,500

Gross Rent Multiplier:

13.37

Net Operating Income:

$36,215

Listing

Contract Status Change Date:

2024-07-26

Days On Market:

117

Last Transaction Date:

2024-10-16 14:36:47

List Price:

$634,900

Listing Contract Date:

2024-07-26

Listing Id:

24374533

Mls Status:

Active

Modification Timestamp:

2024-10-16 14:36:47

On Market Date:

2024-07-26

Previous List Price:

$639,900

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_245

County Or Parish:

Lane

Lot

Features:

Level

Size Acres:

0.16

Size Range:

SqFt5000to6999

Size Square Feet:

6,969

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Assigned,Covered

4 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

Roof

Roof:

Composition

Schools

High School:

Churchill

Middle Or Junior School:

Arts & Tech

Elementary School:

Cesar Chavez

Security Features

Features:

SecuritySystem

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,964

Legal Description

Unit One

Actual Rent:

$1,350

Area:

843

Features:

Dishwasher,Refrigerator,Storage,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,275

Area:

843

Features:

Dishwasher,Refrigerator,Storage,WasherDryerHookup

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,350

Area:

843

Features:

Dishwasher,Refrigerator,Storage,WasherDryerHookup

Units Total:

1 total bathroom

2 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

$634,900 -

1676 W Broadway Eugene , OR 97402

MLS Area Major: _245

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.