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$1,250,000
Est. payment /mo
5,240 SqFt
New
247 Lorraine AVE Eagle Point, OR 97524
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,240 sqft
Price per Sqft $238
MLS Listing ID 220207774
Style Traditional
Year Built 1977
Annual Tax Amount $6,085
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 0.55
Property Sub-Type Multi Family
Property Description
Exclusively presented for sale - 247 Lorraine Avenue - a clean, rare 8-unit apartment complex in Eagle Point, Oregon (the ''Property''). The Property presents an opportunity to step into established asset in a mature neighborhood, in a sub-market with limited competition and almost zero transactions of apartment complexes for years. The Property is sited on a flat, .55-acre landscaped lot, and consists of two, single-level fourplex buildings and (8) 1-bed / 1-bath efficient units. Once the single vacant unit is leased, the Property will produce nearly $10,000/month in gross income. Located in a quiet, mature area, the Property is close to multiple schools, parks, employers, and much more, and is an attractive opportunity to unlock significant value in beautiful Eagle Point - contact brokers for more info!
Location
State OR
County Jackson
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Parking Features Asphalt, On Street, Parking Lot
Roof Type Composition
Building
Foundation Slab
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Schools
High Schools Eagle Point High
Others
Senior Community No
Tax ID 10571874
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Merit Commercial RE, LLC