23475 HIGHWAY 99E Harrisburg, OR97446
$600,000
16 total units
$81,000 annual income
Capitilization Rate: 6.39
7000 total sq. ft
3 to 4.99 Acres
Elementary School: Harrisburg
Middle School: Harrisburg
High School: Harrisburg
Zoning: R3
1703 days on market
VestorFilter™
Price per unit$37.5K/unit
Price per ft²$85.71/ft²
Price per acre$200K/ac
Time on market1703 days
Property Description
16 rental units on 3.28 acres. Gross annual income is $81,000 with gross expenses of $31,400 leaving a net operating income of $49,560. 6.4% cap rate and 9.56 GRM. Expenses include sewer, insurance, taxes ($3042.87 for 2018), repairs & maintenance (est. at $250/Mo.), Onsite manager who receives free rent ($600/Mo.) and manager's utilities $320/Mo. Rents are VERY low and have upside potential!!
{{ compliance-logo }}Listing Provided By Michael J. Jacobson
Financial Data
Date Sold2021-01-29
Sold Price$600,000
Original Price$775,000
Current Price$600,000
Property Taxes$3,043
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Home Facts
StatusSold
Year Built1945
Exterior Features
MLS ID19415875
Unit Details
Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7
Unit 8
Unit 9
Unit 10
