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171 N 15th Ave, Elgin, OR 97827

$499,000

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Property Description

Investors looking for an opportunity to own apartment rentals look no further! This well-kept 4-plex built amongst the pine trees is 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 which 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 4 total spacious units with 2-bedroom 1-bathroom. 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 building has a newer roof, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today! This 4-plex may be purchased together with the adjacent 4-plex located at 173 N 15th Ave Elgin. Please see listing 450112253. Listing agent is related to the seller. Financials are available.

171 N 15th Ave | MLS# 393968675

This multi-family property located at 171 N 15th Ave, Elgin, OR 97827 is currently listed for sale with an asking price of $499,000. Search Elgin real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: None
Fuel Type: Electricity
Heating: Baseboard
Roof Type: Composition
Stories: 2.0
Taxes: $3,285
Year Built: 1979
Square Feet: 3,756

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Dishwasher, Range, Refrigerator, WindowCoverings
Rent: $739.00
Square Footage: 850
Total Units: 4

Feature Descriptions

Days on Site: 20
Exterior: Cement Siding, Lap Siding
Gross Income: $35472.00 (Actual)
Hot Water: Electricity
Lot: Level, Public Road, Seasonal, Trees
Net Income: $23870.00 (Actual)
Operating Expenses: $11602.00 (Actual)
Parking: OffStreet, Paved
Parking Notes: OffStreet, Paved
Sewer: Public Sewer
Special View Info: Mountain, Seasonal, Trees/Woods
Units: 4
Water: Public Water

Local Schools

High School: Elgin
Middle School: Elgin
Elementary School: Stella Mayfield

Listed By / Shown By

Listed By

Agency Name: Valley Realty
Agency Phone: 541-963-4174

Shown By

Agency Title: Bend Premier Real Estate
Agency Phone: 541-323-2779

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Estimated Payment

$ 2,942.51 per month $2,523.22 Principal & Interest $273.75 Property Tax $145.54 Homeowner's Insurance

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