MLS# 24537982 – 2424 Main St, Sweet Home, OR 97386 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Congress Realty.

Property Description

Description

18 Units

Status: Pending

Year Built: 1978

Days on Website: 54

Investor Opportunity! All units are 2-bed/1-bath, 1000 sqft. Amenities include on-site laundry, 28 parking spots, dog park and community court yard. Five of the units have been fully renovated with new stainless-steel appliances, LVP flooring, paint, cabinets, and ceiling fans. Three (3) units have received new counters, while the remaining units have undergone small updates. Don't miss out on this high cash flow opportunity!

Property Details and Features

Building

Building Area Total:

18000

Built in 1978

Stories:

Unit Type Type:

UnitTypeType1

Community

Community Features:

Laundry

Expenses

Operating Expense Scheduled:

84709

Operating Expense:

$77,620

Exterior Features

Exterior Description:

Other

Heating

Heating Available

Heating:

Baseboard

Income

CAP Rate:

7.32

Gross Income:

$246,944

Gross Rent Multiplier:

9.29

Gross Scheduled Income:

$2,781,000

Net Operating Income:

$168,015

Net Scheduled Income:

190692

Listing

Contract Status Change Date:

2024-10-23

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-23 12:11:07

List Price:

$2,295,000

Listing Contract Date:

2024-09-27

Listing Id:

24537982

Mls Status:

Pending

Modification Timestamp:

2024-10-23 12:11:07

Off Market Date:

2024-10-23

On Market Date:

2024-09-27

Purchase Contract Date:

2024-10-23

Rent Includes:

None

Standard Status:

Pending

Location

MLS Area Major:

_221

County Or Parish:

Linn

Lot

Size Acres:

0.98

Size Range:

SqFt20000toAcres1

Size Square Feet:

42,688

Size:

20,000 SqFt to .99 Acres

Parking

28 total parking spots

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

Roof

Roof:

Composition

Schools

High School:

Sweet Home

Middle Or Junior School:

Sweet Home

Elementary School:

Foster

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$16,978

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,143

Area:

1000

Features:

Deck,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$2,295,000 -

2424 Main St Sweet Home , OR 97386

MLS Area Major: _221

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 20, 2024 12:46PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.