340 S MAIN ST, Lebanon, OR 97355

$585,000
Sold Price
$585,000
List Price
$595,000
Closing Date
May 09, 2022
Days on Market
78
MLS#
21579745
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Linn County
Status
Sold

Property Description

7 unit complex consisting of six one bedroom one bath units and two bedroom two bath unit with laundry hookups. Property is located on the North end of town close to COMP NW & LBCC campus. 100% occupied with good rental history, current NOI without management equals a 6.9% cap at asking price. No showings without accepted offer please do not contact tenants.

Additional Information

Tax Amount
$3,977
Year Built
1938
High School
Lebanon
Elementary School
Riverview
Middle School
Seven Oak
Stories
1
Terms
Cash, Conventional
Fuel Description
Electricity
Heating Description
Other
Exterior Description
Lap Siding, T-111 Siding
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public Water
View
Territorial
Cumulative Days On Market
78
Capitalization Rate
6.75
Operating Expenses Actual
11800
Gross Income Actual
53040
Gross Rent Multiplier
11.22
Net Income Actual
40179
Number Of Units Total
7
Unit Type One Baths Total
2
Unit Type One Beds Total
2
Unit Type One Rent
550
Unit Type One Sq Ft
324
Unit Type One Units Total
2
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Rent
550
Unit Type Two Sq Ft
324
Unit Type Two Units Total
2
Unit Type Three Baths Total
2
Unit Type Three Beds Total
2
Unit Type Three Rent
800
Unit Type Three Sq Ft
1039
Unit Type Three Units Total
1
Unit Type Four Baths Total
2
Unit Type Four Beds Total
1
Unit Type Four Rent
725
Unit Type Four Sq Ft
546
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Beds Total
1
Unit Type Five Rent
695
Unit Type Five Sq Ft
342
Unit Type Five Units Total
1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Keller Williams Realty Mid-Willamette. Selling Office: Keller Williams Realty Mid-Willamette.

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