MLS# 24623896 – 730 Se Flint St, Roseburg, OR 97470 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Keller Williams Southern Oregon-Umpqua Valley.

Property Description

Description

6 Units

Status: Active

Year Built: 1952

Days on Website: 69

Exceptional Riverfront Investment Opportunity in Roseburg! Discover this unique 6-unit multifamily property offering stable, long-term rental income with virtually no owner involvement required. Nestled in a serene, riverfront neighborhood, this property features four buildings thoughtfully designed for flexibility and minimal vacancy risk. Building 1: Two 1-bedroom, 1-bath units converted into a spacious 3-bedroom, 2-bath unit – recently renovated in 2023 (1,350 sqft). Building 2: Two 1-bedroom, 1-bath units, also convertible to a 3-bedroom, 2-bath unit (1,350 sqft). Building 3: One 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, currently converted to a combined 4-bedroom, 2-bath layout – fully rebuilt in 2023(2,100 sqft). Building 4: Dedicated laundry facility for tenant convenience(175 sqft). All units are separately metered, ensuring low operating costs. The property generates a robust $72,000 NOI annually, backed by long-term, reputable tenants on a stable NN lease. Recent renovations mean no deferred maintenance, with tenants responsible for their own upkeep and remodeling needs. This riverfront property is particularly attractive to its current tenant, an adult home care service provider, due to its state-specific licenses that are not easily transferable, ensuring long-term tenant stability. A rare find with nearly zero vacancy risk, this multifamily gem promises steady net income with peace of mind, all while offering serene water views. Don't miss out on this rare riverfront investment opportunity. Contact us today to schedule a private tour and explore the potential of this unique property!

Property Details and Features

Property

Zoning:

MR14

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

4975

Built in 1952

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4,UnitTypeType5

Community

Community Features:

AllLandscaping

Cooling

Cooling Equipped

Cooling:

CentralAir,MiniSplit

Expenses

Operating Expense Scheduled:

7284

Operating Expense:

$7,284

Exterior Features

Exterior Description:

Stucco,WoodSiding

Foundation

Foundation Details:

StemWall

Garage

Garage Spaces:

Water Features

Water Body Name:

South Umpqua River

Waterfront Features:

RiverFront

Waterfront Property

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

7.23

Gross Income:

$79,200

Gross Rent Multiplier:

12.56

Gross Scheduled Income:

$79,200

Net Operating Income:

$71,915

Net Scheduled Income:

71915

Listing

Contract Status Change Date:

2024-09-10

Days On Market:

Last Transaction Date:

2024-09-25 16:37:33

List Price:

$995,000

Listing Contract Date:

2024-09-10

Listing Id:

24623896

Mls Status:

Active

Modification Timestamp:

2024-11-21 01:23:05

On Market Date:

2024-09-10

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_253

County Or Parish:

Douglas

Lot

Features:

Cleared,GentleSloping,Level

Size Acres:

0.83

Size Range:

SqFt20000toAcres1

Size Square Feet:

36,154

Size:

20,000 SqFt to .99 Acres

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Carport,Driveway

8 total parking spots

Possession

Possession:

SubjectToTenantRights

Roof

Roof:

Composition

Schools

High School:

Roseburg

Middle Or Junior School:

Fremont

Elementary School:

Fullerton

Security Features

Features:

HandicapAccess,SecurityLights,Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$4,401

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$900

Area:

675

Features:

AirConditioning,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$900

Area:

675

Features:

AirConditioning,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$1,800

Area:

1350

Features:

AirConditioning,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$1,000

Area:

740

Features:

AirConditioning,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Five

Actual Rent:

$2,000

Area:

1400

Features:

AirConditioning,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas,Tank

Internet Service Type:

DSL

Water Source:

PublicWater

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$995,000 - Br/0Ba - for Sale in Roseburg

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$995,000 -

730 Se Flint St Roseburg , OR 97470

MLS Area Major: _253

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.