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Terri Layton

Call It Closed International Realty

terri@homesbyterri.com +1(503) 307-2424

Listed by Valley Realty

$ 998,000

Est. payment | -/mo

5,184 SqFt

Save

$ 998,000

Est. payment | -/mo

Save

5,184 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,184 sqft

Price per Sqft $192

MLS Listing ID 450112253

HOA Y/N No

Year Built 1979

Annual Tax Amount $6,309

Tax Year 2025

Lot Size 0.510 Acres

Property Description

Investors looking for an opportunity to own apartment rentals look no further! Two adjacent well-kept 4-plexes built amongst the pine trees on separate tax lots are ready for the motivated investor who has residual income as a future priority! As a residential gem in the city of Elgin, you don't want to miss this rare opportunity that was built with pride in 1979 and owned by only the original owner! Located near schools and close to shopping makes this a place that tenants enjoy calling home as turnover and vacancies are nearly nonexistent! Offering 8 total spacious units with seven 2-bedroom 1-bathroom units and one 1-bedroom 1 bathroom unit. All units include range/oven, refrigerator, dishwasher and a garbage disposal! The convenient on-site laundry room has 2 washers and 2 dryers for all tenants to utilize as needed. The grounds give the feeling of a park like atmosphere as landscaping is always well maintained. Each upstairs unit provides a Trex deck out the dining room sliding glass door to enjoy the evening views while relaxing, and the downstairs units offer a patio and a small yard! The buildings have newer roofs, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today!Listing agent is related to the seller. Each 4-Plex may be sold individually at $499,000 each or together as listed. Financials are available.

Location

State OR

County Union

Community Alllandscaping, Laundry

Area _440

Zoning EL-R

Rooms

Basement Crawl Space

Interior

Heating Baseboard

Cooling Window Unit

Exterior

Community Features AllLandscaping, Laundry

View Mountain, Trees Woods

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level, Public Road, Seasonal, Trees

Story 2

Foundation Concrete Perimeter, Pillar Post Pier

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Elementary Schools Stella Mayfield

Middle Schools Elgin

High Schools Elgin

Others

Acceptable Financing CallListingAgent, Cash, Conventional, Other

Listing Terms CallListingAgent, Cash, Conventional, Other

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

+1(503) 307-2424

terri@homesbyterri.com

171 N 15TH AVE Elgin, OR 97827