Bought with Non Rmls Broker
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Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,608 sqft
Price per Sqft $222
Subdivision Rural
MLS Listing ID 22266286
Sold Date 05/20/22
Year Built 1965
Annual Tax Amount $3,231
Tax Year 2021
Property Description
Zollner Creek Apts is a single story 9-unit community comprised of 1 cottage, 2 4-plexes (ea on separate tax lots), Dog-Park, Gazebo, Play Court, & laundry rm serviced by CoinMeter. On-site storage & plenty of parking + add paid parking & RV parking. Spacious country living complete w/ Fiber Optic Internet & affordable family housing keeps these units in high demand. Property taxes are just over $3K/yr w/ $115K in gross rents & 8.3% cap on proforma w/ upside potential exceeding 11% cap at $198K.
Location
State OR
County Marion
Community Basketballcourt, Commons, Laundry
Area _170
Zoning EFU
Rooms
Basement Other
Interior
Heating Baseboard
Exterior
Community Features BasketballCourt, Commons, Laundry
View Territorial
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping
Story 1
Foundation Slab
Sewer Septic Tank, Shared Septic
Water Well
Level or Stories 1
Schools
Elementary Schools St Marys
Middle Schools Mt Angel
High Schools Kennedy
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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