MLS# 24198977 – 85833 1st St, Eugene, OR 97405 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of RE/MAX Integrity.

Property Description

Description

2 Units

Status: Pending

Year Built: 1938

Days on Website: 78

Adorable and affordable duplex on a .33 acre lot at the edge of Eugene city limits and featuring excellent freeway access. Great investment opportunity boasting long term tenants and a durable income stream. Viewings only after accepted offer. Do not disturb the tenants.

Property Details and Features

Income

CAP Rate:

6.39

Gross Income:

$25,380

Gross Rent Multiplier:

14.38

Net Operating Income:

$23,321

Lot

Size Acres:

0.33

Size Range:

SqFt10000to14999

Size Square Feet:

14,374

Size:

10,000 to 14,999 SqFt

Property Access

Road Surface Type:

Paved

Basement

Basement:

CrawlSpace

Building

Building Area Total:

1644

Built in 1938

Storage:

Locked

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2

Cooling

Cooling:

None

Expenses

Operating Expense:

$2,359

Exterior Features

Exterior Description:

CementSiding,T111Siding

Foundation

Foundation Details:

PillarPostPier,StemWall

Heating

Heating Available

Heating:

WallFurnace,WallHeater

Listing

Contract Status Change Date:

2024-03-22

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-03-23 08:31:30

List Price:

$364,900

Listing Contract Date:

2024-02-12

Listing Id:

24198977

Mls Status:

Pending

Modification Timestamp:

2024-03-23 08:31:30

Off Market Date:

2024-03-22

On Market Date:

2024-02-12

Purchase Contract Date:

2024-03-22

Rent Includes:

None,Sewer,Water

Standard Status:

Pending

Location

MLS Area Major:

_235

County Or Parish:

Lane

Miscellaneous

Investor Information:

AccordingToOwner,ProfitLossStatement

Parking

Features:

Driveway

3 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Existing

Zoning:

RR2

Roof

Roof:

Composition

Schools

High School:

Springfield

Middle Or Junior School:

Hamlin

Elementary School:

Centennial

Sewer

Sewer:

SepticTank

Taxes

Annual Amount:

$1,559

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,040

Area:

1000

Features:

Deck,Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,075

Area:

644

Features:

Range,Refrigerator,WasherDryer

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Electricity

Water Source:

Private

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$364,900 -

85833 1st St Eugene , OR 97405

MLS Area Major: _235

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 8:44AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.