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Listed by Burright Realty Group LLC • Debbi@BurrightRealtyGroup.com
$1,299,990
Est. payment /mo
3,426 SqFt
New
Address not disclosed Newberg, OR 97132
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,426 sqft
Price per Sqft $379
MLS Listing ID 216501468
Year Built 1998
Annual Tax Amount $7,083
Lot Size 0.260 Acres
Property Description
If you have always wanted to own an investment property, but found there was always too much to fix up or repair to bring in great revenue? Well this triplex is one that will save you all the trouble and expense. It has been extensively remodeled in 2020/2021 and has a consistent rental history. Designed with ease of maintenance, all the major work has been done. No need to use your money to fix it up. Gross receipts of nearly 80K/year and low expenses make for lucrative passive income. All units are on renewed 12 month leases at great market rates with some room for increases. New or newer - LVP Floors, carpets, roof, TREX decking/steps, appliances, granite, light fixtures, plumbing fixtures, and so much more. Each unit offers affordable central HVAC and indoor washer/dryer hook-up. The updated look of each unit makes them very easy to rent at market rate and stay rented. Landlord only pays water/sewer with low cost internet paid for Unit 3 because of a security camera and light. That unit has also been an owner's unit and comes with upgraded appliances/HVAC/Air Cleaner. Please do not drive onto property or disturb the tenants. There is no sign on the property. Write offers subject to interior walk-thru upon approved offer with verified funds or loan approval letter. Buyer to verify schools.
Location
State OR
County Yamhill
Area _156
Zoning R2
Interior
Heating Forced Air, Forced Air90
Cooling Central Air
Exterior
Garage Spaces 3.0
Roof Type Composition,Shingle
Garage No
Building
Lot Description Flag Lot, Gated, Private
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools Dayton
Others
Acceptable Financing Cash, Conventional, FHA, StateGILoan, USDALoan, VALoan
Listing Terms Cash, Conventional, FHA, StateGILoan, USDALoan, VALoan
