80 Boatlanding St, Independence, OR 97351

$814,900

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Property Description

Excellent investment opportunity! This well-maintained fourplex is located just a few blocks from historic downtown Independence. Each well-kept unit offers 2 bedrooms, 1 bathroom, and washer/dryer hookups. Low-maintenance landscaping, ample parking, a strong rental history, and low vacancy make this an outstanding investment. Two units are rented slightly below market rates, offering upside potential. Convenient to downtown, Hwy 22, Western Oregon University, and Salem.

80 Boatlanding St | MLS# 596451471

This multi-family property located at 80 Boatlanding St, Independence, OR 97351 is currently listed for sale with an asking price of $814,900. Search Independence real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: CrawlSpace
Cooling: MiniSplit
Fuel Type: Electricity
Heating: Mini Split, WallHeater, Zoned
Roof Type: Composition
Stories: 2.0
Taxes: $6,374
Year Built: 2003
Square Feet: 338

Units

Unit Type 1:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WindowCoverings
Rent: $1450.00
Square Footage: 846
Total Units: 1
Unit Type 2:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WindowCoverings
Rent: $1470.00
Square Footage: 846
Total Units: 1
Unit Type 3:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WindowCoverings
Rent: $1370.00
Square Footage: 846
Total Units: 1
Unit Type 4:
Bathroom(s): 1
Bedrooms: 2
Features: Range, Refrigerator, WindowCoverings
Rent: $1405.00
Square Footage: 846
Total Units: 1

Feature Descriptions

Days on Site: 3
Exterior: T-111 Siding
Gross Income: $68340.00 (Actual)
Hot Water: Electricity
Lot: Level
Net Income: $52955.00 (Actual)
Operating Expenses: $15385.00 (Actual)
Parking: OffStreet, Paved
Parking Notes: OffStreet, Paved
Sewer: Public Sewer
Special View Info: Territorial
Units: 4
Water: Public Water

Local Schools

High School: Central
Middle School: Talmadge
Elementary School: Independence

Listed By / Shown By

Listed By

Agency Name: HomeSmart Realty Group
Agency Phone: 971-599-5865

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

$ 4,889.42 per month $4,120.58 Principal & Interest $531.17 Property Tax $237.68 Homeowner's Insurance

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