1119 W Central AvenueSutherlin, OR97479

$699,000
10 total units
$99,864 annual income
4700 sq. ft
0.46 acres
Elementary School: East Sutherlin Primary
Middle School: Sutherlin Middle
High School: Sutherlin High
Zoning: C-3
526 days on market

VestorFilter™

Price per unit$69.9K/unit
Price per ft²$148.72/ft²
Recent price drop$51,000
Price per acre$1.52M/ac
Time on market526 days
1119 W Central Avenue (1 of 18)

Property Description

Rare investment opportunity in the up and coming town of Sutherlin with cap rate of 6.6% and room to grow. Great location apartment complex with 10 units. Easy access off Central in Sutherlin w/plenty of parking. Any buyer could manage themselves to get that cap rate up or keep the current property manager making it run on its own. Includes extra adjacent lot for more parking or add'l units. Call the Planning Dept. for details on adding units.

Financial Data

Date Sold2024-03-28
Sold Price$725,000
Price ChangeDropped $51,000 on 03/31/2024
Total $200,000 drop
Original Price$899,000
Current Price$699,000
Property Taxes$997

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Home Facts

StatusClosed
Year Built1948
MLS ID220156255
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