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Listed by ERIC SWANSON • SMI REAL ESTATE • Cell: 541-990-3795
$1,395,000
Est. payment /mo
13 Beds
10 Baths
6,126 SqFt
Active
591 Sherman St Lebanon, OR 97355
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Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 6,126 sqft
Price per Sqft $227
Subdivision Af Bahrke'S Fruitdale A
MLS Listing ID 828226
Bedrooms 13
Year Built 1948
Annual Tax Amount $6,595
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi- (5+)
Property Description
Single story 10-unit apartment complex built in 1948 in West Lebanon. Building consists of (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. Currently offered at a 6.47% cap rate on actuals and an 8.3% based on targeted rents for recently renovated units. Two of the ten units have been fully renovated. Property features a central courtyard, some off-street parking and onsite laundry room - appealing amenities in a quiet, residential neighborhood.
Location
State OR
County Linn
Area 80 Linn County
Interior
Flooring Carpet
Building
New Construction No
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