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287 W 5th Ave, Junction City, OR 97448

$1,400,000

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Property Description

An exceptional opportunity to acquire a high-performing income property in the heart of downtown Junction City. This permitted triplex offers a unique investment model that maximizes rental income by leasing 12 individual bedrooms rather than the three units as traditional apartments. This is a rare, income-maximized, engine generating, nearly $8,700/month in gross rents. This concept not only helps maximize the property's income stream, but minimizes the vacancy loss as well if a tenant moves out, you still have 11 others still paying. This model is so effective and keeps occupancy so high because of housing affordability and the high demand of low-income renters in the Junction City area. Leasing individual bedrooms rather than whole units - producing gross revenues substantially above what traditional unit-by-unit rental would yield in this submarket. With Junction City positioned as an affordable alternative to Eugene's tightening rental market, demand for individual rooms is strong and growing. 100% Occupied - Day-One Cash Flow. Tenants pay all utilities. No lease-up risk. No vacancy stabilization period. A buyer steps into a fully tenanted, fully performing asset from closing day forward.

287 W 5th Ave | MLS# 244936370

This multi-family property located at 287 W 5th Ave, Junction City, OR 97448 is currently listed for sale with an asking price of $1,400,000. Search Junction City real estate on www.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Fuel Type: Electricity
Heating: Zoned
Roof Type: Composition
Stories: 2.0
Taxes: $4,512
Year Built: 1905

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 6
Rent: $4695.00
Square Footage: 150
Total Units: 6
Unit Type 2:
Bathroom(s): 2
Bedrooms: 6
Rent: $4000.00
Square Footage: 150
Total Units: 6

Feature Descriptions

Days on Site: 7
Exterior: Cement Siding, Wood Siding
Gross Income: $104340.00 (Actual)
Net Income: $81993.00 (Actual)
Operating Expenses: $22346.00 (Actual)
Sewer: Public Sewer
Units: 12
Water: Public Water

Local Schools

High School: Junction City
Middle School: Oaklea
Elementary School: Laurel

Listed By / Shown By

Listed By

Agency Name: Walker Family Development Inc
Agency Phone: 541-954-8588

Shown By

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

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Estimated Payment

$ 7,863.50 per month $7,079.16 Principal & Interest $376.00 Property Tax $408.33 Homeowner's Insurance

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