Bought with eXp Realty LLC
$400,000
$450,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
1119 W CENTRAL AVE Sutherlin, OR 97479
5,572 SqFt
Key Details
Sold Price $400,000
Property Type Commercial
Sub Type Income
Listing Status Sold
Purchase Type For Sale
Square Footage 5,572 sqft
Price per Sqft $71
MLS Listing ID 20444743
Sold Date 11/16/20
Year Built 1948
Annual Tax Amount $3,934
Tax Year 2019
Lot Size 0.800 Acres
Property Description
Great location apartment complex w/separate rental house. Easy access off Central in Sutherlin w/plenty of parking. Hard to find high cap rate of 14.7%! See link for rent roll w/income and expenses. Formerly used as a motel with extra adjacent lot for more parking or add'l units. Call Planning Dept. for details on adding add'l units. Buyer please note: apartments do not have curb appeal and need some TLC. Long and profitable rental history. Do not disturb tenants, 100% occupancy depends on it!
Location
State OR
County Douglas
Area _256
Zoning R2R2C3
Interior
Heating Baseboard
Cooling None
Exterior
Garage Spaces 11.0
View Y/N true
View City
Roof Type Composition
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Others
Acceptable Financing Cash
Listing Terms Cash
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