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Jared Hambrook

jaredh@legacyre.com +1(503) 930-2124

$ 619,000

Est. payment -/mo

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Pending

248 South ST #1 - 9 Butte Falls, OR 97522

0.43 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 220217327

Year Built 2000

Annual Tax Amount $8,574

Lot Size 0.430 Acres

Acres 0.43

Lot Dimensions 0.43

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.

Location

State OR

County Jackson

Interior

Heating Electric, Forced Air

Cooling Central Air

Window Features Double Pane Windows,Vinyl Frames

Exterior

Parking Features No Garage, Shared Driveway

Roof Type Composition

Building

Foundation Pillar/Post/Pier, Stemwall

Water Public

Level or Stories Two

Structure Type Frame

New Construction No

Others

Senior Community No

Tax ID 10705254

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Coldwell Banker Commercial Professional Group

NEARBY SCHOOLS & PROPERTIES

Jared Hambrook

Principal Broker | License ID: 201211534

+1(503) 930-2124

Jared Hambrook

248 South ST #1 - 9 Butte Falls, OR 97522

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOLS & PROPERTIES

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248 South ST #1 - 9