Property Description
residential multifamily in Butte Falls: three two-story buildings, ±6,200 SF on 0.43 acres, built 2002. All nine units occupied; Unit C3 (2BR/1BA, 900 SF) has been fully refurbished with new flooring, windows, paint, and appliances. Price per unit: $68,778. Approximately 47-48% of gross income is HUD Section 8 HAP -- a reliable rental income floor. All units separately metered electric. Owner pays water/sewer, garbage, and common-area utilities. Central air, forced-air electric heat, vinyl double-pane windows, private storage shed per unit, 18 parking spaces. Pro Forma Stabilized NOI ≈ $44,300 at current rent roll (7.16% cap at $619K); ≈ $55,600 with Unit C3 now leased (≈8.99% cap). Value-add upside on B1 and B2 at next turnover. Seller has secured updated insurance quotes from a carrier willing to underwrite at reasonable rates -- available on request. Butte Falls is ~30 miles from Medford; local property management options available.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Pro West R.E.
Shown By
Agent Name: Julie Carnagey Broker
Agent Phone: (541) 410-8583
Agency Title: Bend Premier Real Estate
Select a format below, new window will open and will prompt you to print.
© 2020 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than (insert company name) are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed.
Privacy Policy / DMCA Notice / ADA Accessibility
248 South Street, Unit 1 - 9 | MLS# 220217327
This commercial property located at 248 South Street, Unit 1 - 9, Butte Falls, OR 97522 is currently listed for sale with an asking price of $619,000. Search Butte Falls real estate on juliecarnagey.bendpremierrealestate.com today.