Apartments FOR SALE


Bly, OR 97622
$450,000 USD
541-301-8094
, Bly, OR for Sale
$450,000 USD
Apartments - FOR SALE
1/5
null | 8% Cap Rate


HIGHLIGHTS

  • Six rental units across two homes and two duplexes on 16.67 acres, generating an 8% cap rate.
  • Strong demand for housing in Bly, a gateway to outdoor recreation near Fremont-Winema National Forest.
  • Offers a diverse rental appeal and steady income.

OVERVIEW

Exceptional Investment Opportunity on 16.67 Acres – Six Income-Producing Units Discover a rare opportunity to own a versatile multi-unit property set on an expansive 16.67-acre parcel. This well-maintained estate includes a total of six income-generating residences, offering a blend of privacy, space, and strong rental potential. The property features two charming stand-alone homes: A spacious 3-bedroom, 2-bath residence ideal for a primary home or premium rental. A cozy 2-bedroom, 1-bath home perfect for tenants seeking comfort and simplicity. In addition, the estate includes two duplex buildings, each comprised of 2-bedroom, 1-bath units. These thoughtfully designed layouts appeal to long-term tenants and investors alike. With ample open land surrounding the units, there's room for future expansion, recreational use, or agricultural ventures. Whether you're an investor looking to expand your portfolio or a buyer seeking a live-and-earn lifestyle, this unique property offers flexibility, immediate income, and long-term potential.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

21

PRICE/UNIT

$21,429

CAP RATE

8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

12

LAND DETAILS

LAND ACRES

16.67 AC

LAND SF

726,145 SF

ZONING

RCR

APN/PARCEL ID

R874481

ASK ABOUT THIS PROPERTY

Rick FiteWindermere Van Vleet & Assoc.More Info
541-301-8094

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Rick FiteWindermere Van Vleet & Assoc.More Info
541-301-8094

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