19107 HIGHWAY 99E Hubbard, OR97032

$815,000
11 total units
7 total bedrooms
8 total bathrooms
$92,940 annual income
Capitilization Rate: 7.15
3642 total sq. ft
1 to 2.99 Acres
Elementary School: North Marion
Middle School: North Marion
High School: North Marion
Zoning: RM-LU
1303 days on market

VestorFilter™

Price per unit$74.1K/unit
Price per ft²$223.78/ft²
Price per acre$815K/ac
Price per bedroom$116.4K/bed
Time on market1303 days

Property Description

UNBELIEVABLE CAP RATE!!! This professionally managed property is very easy to rent and maintains full occupancy. Very recent NEW ROOF, NEW WATER HEATER, NEW EXTERIOR PAINT, and other recent improvements. Conveniently located between Portland and Salem. DO NOT DISTURB TENANTS. Interior photos are of studio(170 sq ft). One bedroom units(330 sq ft) are similar with additional large bedroom. Hubbard was named the safest city in Oregon in 2016 & 2017. In high demand North Marion School District.

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Financial Data

Date Sold2021-05-19
Sold Price$815,000
Original Price$875,000
Current Price$815,000
Property Taxes$2,647

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Home Facts

StatusSold
Year Built1950
Exterior Features
MLS ID20010478

Unit Details

Unit 1
Unit 2
Unit 3
Unit 4
Unit 5
Unit 6
Unit 7