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About the Listing PPGR01 - LEDBETTE,WHISTLEG
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
Listing Highlights for 600 4th St
Interior Details
- Bedrooms: 16
- Bathrooms: 16 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: WallHeater
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Corner Lot,Level
- Garage Capacity: N/A
- Parking Spaces: 27
- Zoning: COM
- Roof: Composition
- Others: Under Construction
- Sewer: Public Sewer
- Parking Features: Assigned,Paved
Financial Details
- Tax Amount: $521
- Taxes w/Assessments: N/A
- Tax/Property ID: 599287
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
600 4th St Gervais, OR 97026
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