MLS# 23487145 – 722 Se Flint St, Roseburg, OR 97470 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of homecoin.com.

Property Description

Description

10 Units

Status: Active

Year Built: 1952

Days on Website: 151

This 4-plex in Roseburg, OR, presents an exceptional investment opportunity with stable income and minimal owner involvement. Remodeled in 2023 specifically for adult home care services, the property offers: >>Stable, NNN Lease: $3,600 monthly income with a long-term, 5-year lease and a reputable tenant. >>Strong ROI: Four 1-bedroom, 1-bathroom units, each leased for $900 NET per month, generating a strong annual ROI of 6%. >>Passive Ownership: Enjoy minimal management hassle as the tenant covers taxes, insurance, utilities, and maintenance. >>Tenant pays RE Taxes and Insurance in addition to all utilities and maintenance, directly to appropriate agencies. >>No deferred maintenance thanks to recent renovations and a tenant responsible for maintenance and their own remodel needs. >>Built-in Stability: Benefit from a 5-year lease, plus renewal options and annual rent increases, ensuring consistent income with long-term income growth and minimal management hassle. >>Minimal Vacancy Risk: The unique property design tailored for adult home care services minimizes vacancy risk and enhances tenant satisfaction. Home Care State Licenses are specific to property and are not easily transferable or moved hence the stability of tenant for a long easy Net income. >>Flexible Financing: We're open to discussing seller financing options with competitive rates and reasonable down payments, making this opportunity even more attractive.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Built in 1952

Storage:

Deck,Locked

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Laundry

Cooling

Cooling Equipped

Cooling:

WallUnit

Exterior Features

Exterior Description:

Stucco

Foundation

Foundation Details:

Slab

Heating

Heating Available

Heating:

ForcedAir

Income

CAP Rate:

Gross Income:

$43,200

Gross Rent Multiplier:

16.67

Net Operating Income:

$43,200

Net Scheduled Income:

43200

Listing

Contract Status Change Date:

2023-12-01

Days On Market:

151

Last Transaction Date:

2023-12-29 13:24:27

List Price:

$720,000

Listing Contract Date:

2023-12-01

Listing Id:

23487145

Mls Status:

Active

Modification Timestamp:

2023-12-29 13:24:27

On Market Date:

2023-12-01

Rent Includes:

None

Standard Status:

Active

Location

MLS Area Major:

_253

County Or Parish:

Douglas

Lot

Features:

Level

Size Range:

SqFt10000to14999

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AnnualPropertyOperationData,Leases,MaintenanceRecordsAvailable,UtilityRecordsAvailable

Parking

Features:

Assigned,Carport

8 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Property View

Zoning:

MR-14

Schools

Middle Or Junior School:

Fremont

Security Features

Features:

FireEscape,SecurityLights,Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,443

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$900

Area:

650

Features:

AirConditioning,Dishwasher,Fireplace,Microwave

Units Total:

1 total bathroom

1 total bedroom

Unit Two

Actual Rent:

$900

Area:

650

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$900

Area:

650

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$900

Area:

650

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

[+] Read More

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$720,000 -

722 Se Flint St Roseburg , OR 97470

MLS Area Major: _253

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on May 1, 2024 1:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.