2307 Willamette St - Multi-Family FOR SALE


Eugene, OR 97405- South University
$725,000 USD
541-556-5093
2307 Willamette St, Eugene, OR for Sale
$725,000 USD
Multi-Family - FOR SALE
1/5
null | 5.4% Cap Rate

2307 Willamette St
Eugene, OR 97405
South University


HIGHLIGHTS

  • Value-Add Opportunity
  • Excellent Location in Business and University Districts
  • Close to ongoing redevelopment

OVERVIEW

Unique opportunity for a 5-unit complex in the heart of Eugene, OR. Two detached buildings. The main house has a 3-bedroom unit on the upper level, with a 2-bedroom unit in the basement. Detached triplex along E. 23rd St offers identical 1 bedroom/1 bathroom units. Rental agreements are long-term under month-to-month terms. Property being sold in AS-IS condition and known deferred maintenance exists. Buyer to complete due diligence about possible partition of the two buildings. Zoned for high density residential use. Excellent long-term redevelopment play. Current onsite parking.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

5

PRICE/UNIT

$145,000

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

R-3

APN/PARCEL ID

0615441

ASK ABOUT THIS PROPERTY

Brent ColeCole | Eschrich GroupMore Info
541-556-5093

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Brent ColeCole | Eschrich GroupMore Info
541-556-5093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.