1230 W 7TH AVE

Eugene, OR 97402
$2,410,000
Fully leased and Professionally Managed Apartment Community on .39 Acres.Recent capital improvements by owner, including: security gates, 2nd Floor railings, exterior paint, and new membrane roofs on both buildings. 5.7% cap rate on actual income and expense, 6.4% Cap rate on current turnover rent. DO NOT DISTURB RESIDENTS
Listing courtesy of Jennings Group Inc.
Listing Snapshot
Days Online
4
Last Updated
Lot Size
0.39 Acres
Year Built
1968
MLS Number
472695265
30 Days Snapshot Of 97402
$329k
-10%
(avg) sold price
35
-18%
homes sold
25
-46%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1968, Stories: 2, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3
Expenses
Operating Expense Scheduled: 63799, Operating Expense: $61,006
Exterior Features
Exterior Description: T111Siding, WoodSiding
Heating
Heating: Ceiling
Income
CAP Rate: 5.72, Gross Income: $198,782, Gross Rent Multiplier: 12.12, Gross Scheduled Income: $217,398, Net Operating Income: $137,776, Net Scheduled Income: 153599
Lot
Size Acres: 0.39, Size Range: SqFt15000to19999, Size Square Feet: 16,988, Size: 15,000 to 19,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, ProfitLossStatement
Parking
Features: OffStreet
Property
Number Of Units Total: 16, Property Condition: Existing, Zoning: C-2
Roof
Roof: Membrane
Security Features
Features: SecurityGate
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $6,996, Legal Description, Tax Year: 2024
Unit One
Actual Rent: $1,172, Area: 650, Units Total: 8, 1 total bathroom, 2 total bedroom
Unit Two
Actual Rent: $1,027, Area: 400, Units Total: 6, 1 total bathroom, 1 total bedroom
Unit Three
Actual Rent: $1,023, Area: 350, Units Total: 2, 1 total bathroom
Utilities
Fuel Description: Electricity, Hot Water Description: Electricity, Water Source: PublicWater
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.