MLS# 24589684 – 2875 Adams St, Eugene, OR 97405 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Windermere RE Lane County.

Property Description

Description

3 Units

Status: Pending

Year Built: 1943

Days on Website: 66

A rare find in the heart of the popular Friendly St. neighborhood. Remodeled 3 bdrm, 2 bath 1,632 sqft home. PLUS an income producing free standing duplex situated on the same large tax lot of .28 acre. Well-maintained single-level home features a spacious, light-filled living room with cathedral ceiling, cozy fireplace, and windows on three sides. The living room opens into a spacious kitchen with a walk in pantry. Two large bedroom suites open onto a covered patio. Additionally there is a 2-story DUPLEX on the same tax lot that features Two, 1+ bedroom units, the lower is 600 Sqft, the upper is 660 SF, all appliances included. There is also a 220 SF storage room in the building. Units are easily rentable or use one for studio, office space or mother in law unit. The property has a large garden space with a fig grove, plums, pears, raspberries, blueberries and is landscaped with mature trees, including a new outdoor patio. Located on a quiet street close to schools, restaurants, stores, and park. Potential owner-carry with minimum $250K down payment. New roof in 2017 home, New roof 2018 for duplex and carport in 2024. New electrical panel in duplex. Again a great opportunity!BOM due to no fault of seller or property. Open house: Sat Oct 12th 11-2pm, Sun 10/13th 1-3pm

Property Details and Features

Basement

Basement:

None

Building

Building Area Total:

1078

Built in 1943

Storage:

Attached

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

12500

Operating Expense:

$11,508

Exterior Features

Exterior Description:

LapSiding

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

ForcedAir,WallHeater

Income

CAP Rate:

5.76

Gross Income:

$50,500

Gross Rent Multiplier:

13.37

Gross Scheduled Income:

$39,700

Net Operating Income:

$38,892

Net Scheduled Income:

39700

Listing

Contract Status Change Date:

2024-11-13

Cumulative Days On Market:

149

Days On Market:

Last Transaction Date:

2024-11-14 00:02:01

List Price:

$675,000

Listing Contract Date:

2024-09-17

Listing Id:

24589684

Mls Status:

Pending

Modification Timestamp:

2024-11-22 07:56:29

Off Market Date:

2024-11-13

On Market Date:

2024-09-17

Purchase Contract Date:

2024-11-13

Rent Includes:

CableTV,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_244

County Or Parish:

Lane

Lot

Features:

Level,Trees

Size Acres:

0.28

Size Range:

SqFt10000to14999

Size Square Feet:

12,196

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Carport,Covered

Property

Number Of Units Total:

Property Condition:

Existing

Property View

Zoning:

Roof

Roof:

Flat,Membrane

Schools

High School:

Churchill

Middle Or Junior School:

Arts & Tech

Elementary School:

Adams

Security Features

Features:

Unknown

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$6,068

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,900

Area:

1078

Features:

Range,Refrigerator

Units Total:

2 total bathrooms

2 total bedroom

Unit Two

Actual Rent:

$2,300

Area:

1632

Features:

Dishwasher,Range,Refrigerator,Storage

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$675,000 -

2875 Adams St Eugene , OR 97405

MLS Area Major: _244

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.