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    541 Park

    Lebanon, OR 97355
    • $599,900
    • STATUS: Active
    • ON SITE: 81 days
    • MLS #: 771669
    UPDATED: 239 min ago
    $599,900
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,168
      SQFT
    • $116
      $/SQFT
    Neighborhood:
    80 LINN COUNTY
    Type:
    Commercial
    County:
    Linn
    Area:
    80 LINN COUNTY

    School Ratings & Info

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    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Vanguard Realty Group

    Description

    During these crazy times, its hard to find investment opportunities with low risk & no vacancies. 541 Park is a triplex with great, long term, dependable tenants! Current leases run through 2024 and 2028 & the tenants have been there for many years. As a self managed building, this investment operates on an 8% cap rate. Adding in potential vacancy loss & management fees, you're still operating on a healthy 6% cap. Newer exterior paint and awnings. One of the owners is a licensed real estate professional.

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    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kish Realty Group | Keller Williams Mid-Willamette. Data last updated: 2021-02-27T00:08:47.37.
    www.kishrealtygroup.com/homes/112445931
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    541 Park Lebanon, OR 97355

    • Price: $599,900
    • Status: Active
    • Updated: 239 min ago
    • MLS #: 771669
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,168
    SQFT
    $116
    $/SQFT
    Neighborhood:
    80 LINN COUNTY
    County:
    Linn
    Area:
    80 LINN COUNTY
    Property Description
    During these crazy times, its hard to find investment opportunities with low risk & no vacancies. 541 Park is a triplex with great, long term, dependable tenants! Current leases run through 2024 and 2028 & the tenants have been there for many years. As a self managed building, this investment operates on an 8% cap rate. Adding in potential vacancy loss & management fees, you're still operating on a healthy 6% cap. Newer exterior paint and awnings. One of the owners is a licensed real estate professional.
    Exterior Features

    Foundation Slab Siding Block Signage Yes View Territorial

    Interior Features

    Heating Central AcForced Air

    Property Features

    Assessments Or Liens No Cap Rate 6.000 Commercial Type Office Cross Street Vine St Expenses Actual Or Projected Projected Gross Sched Income 56400 High Speed Comm Access Present Insurance 1111 Maintenance 2820 Mgmt Acct 4512 Miscellaneous 3600 Net Income 36261 New Construction No Owner Managed Yes Property Taxes 5276 Source Of Square Feet County Suitable For Office Office Building Tax Amount 5276 Tax Years 2020 Total Expenses 20139 Vacancy Credit Loss 2820 Water City Zoning Z-Ccm

    © 2021 Willamette Valley Multiple Listing Service. All rights reserved.


    © 2021 Willamette Valley Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kish Realty Group | Keller Williams Mid-Willamette. Data last updated: 2021-02-27T00:08:47.37.
     
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    Kish Realty Group | Keller Williams Mid-Willamette
    2125 SW Pacific Blvd.
    Albany OR, 97321
    Listing information © 2021 Willamette Valley Multiple Listing Service
    Listing provided courtesy of Vanguard Realty Group