646 SE 8th St, Toledo, OR 97391

$299,000
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Property Description

Excellent Investment Opportunity - 10% Cap Rate! Don't miss this income-producing duplex in the heart of Toledo, offering an impressive 10% cap rate and excellent cash-flow potential. This well-maintained property features two separate units-one 2-bedroom, 1-bath and one 1-bedroom, 1-bath-making it an attractive option for investors seeking steady rental income. Situated on a generously sized lot, the property includes a large yard with a charming garden area with covered patio, providing outdoor space for tenants to enjoy. Conveniently located just minutes from downtown Toledo, shopping, restaurants, schools, and local amenities, this duplex offers both convenience and long-term rental appeal.Whether you're looking to add to your investment portfolio or begin building wealth through real estate, this property offers strong returns with plenty of upside. Schedule your showing today and discover the value of this exceptional investment opportunity! Both units currently occupied.

646 SE 8th St | MLS# 670541462

This multi-family property located at 646 SE 8th St, Toledo, OR 97391 is currently listed for sale with an asking price of $299,000. Search Toledo real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: None
Fuel Type: Electricity
Heating: Baseboard
Roof Type: Composition
Stories: 2.0
Taxes: $1,722
Year Built: 1938

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $1500.00
Square Footage: 960
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 1
Rent: $1200.00
Square Footage: 740
Total Units: 2

Feature Descriptions

Days on Site: 20
Exterior: Cement Siding
Gross Income: $32400.00 (Actual)
Hot Water: Electricity
Lot: Gentle Sloping
Net Income: $30400.00 (Actual)
Operating Expenses: $2000.00 (Actual)
Parking: Driveway, OnStreet
Parking Notes: Driveway, OnStreet
Sewer: Public Sewer
Storage: None
Units: 3
Water: Public Water

Local Schools

High School: Toledo
Middle School: Toledo
Elementary School: Yaquina View

Listed By / Shown By

Listed By

Agency Name: Realty One Group At The Beach
Agency Phone: 971-600-3663

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 1,742.62 per month $1,511.91 Principal & Interest $143.50 Property Tax $87.21 Homeowner's Insurance

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