Excellent investment opportunity with this well-maintained 4-unit property at 1071–1077 W 13th Ave in Eugene. Each unit offers 2 bedrooms and 1 bathroom with updated interiors and established tenants in place. Current combined rents are $5,900 per month, providing $70,800 in annual scheduled rental income. Estimated annual operating expenses are approximately $19,349, resulting in estimated net operating income of approximately $51,451. Offered at $795,000, the property reflects an indicated cap rate of approximately 6.47%. Convenient Eugene location with easy access to downtown, the University of Oregon, shopping, restaurants, bike paths and public transportation. The seller has personally managed the property without the expense of a professional property management company. Please do not disturb tenants. Contact listing broker for current leases, income and expense information and additional documentation. Showings will be arranged with an accepted offer.
Listing courtesy of Triple Oaks Realty LLC.
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