210 NE 5TH AVEMillCity, OR97360

$525,000
15 total units
$41,196 annual income
Capitilization Rate: 6.15
SqFt7000to9999
Elementary School: Santiam
Middle School: Santiam
High School: Santiam
Zoning: Multi5
356 days on market

VestorFilter™

Price per unit$35K/unit
Time on market356 days

Property Description

Check out this great opportunity to buy a two story 5 unit apartment complex in Mill City. Featuring 1 and 2 bedroom units sized between 390sqft - 780sqft allowing for flexible renting options. Located in a beautiful neighborhood just 40 minutes from Salem and 20 minutes from Stayton. Reliable tenants and property management are already in place. Gas, water, sewer, garbage, and electric are paid by tenants. Cap is estimated to be around 6%. Do not disturb tenants.

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Financial Data

Original Price$525,000
Current Price$525,000
Property Taxes$2,577

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Home Facts

StatusPending
Year Built1970
Exterior Features
Garage
MLS ID23615642

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Unit 5