333 South Old Pacific Highway

Myrtle Creek, OR 97457

$649,900
Price
Beds
7,700 Sq. Ft.
$84 / Sq. Ft.
7,700
Sq. Ft.
$84
per Sq. Ft.

Description

Lucrative Investment Opportunity! This 5 unit property grosses approximately $82,140 yearly and features a triplex, large commercial shop, 2 more rental units, and 2 RV spaces. Perfect for owner/user investors seeking strong cash flow and a potential business location of their own. Great street frontage, turnkey with established property management running the property, rentals are 100% occupied! Don’t miss this chance to own a versatile, income-producing property with room to grow. Seller reserves...Lucrative Investment Opportunity! This 5 unit property grosses approximately $82,140 yearly and features a triplex, large commercial shop, 2 more rental units, and 2 RV spaces. Perfect for owner/user investors seeking strong cash flow and a potential business location of their own. Great street frontage, turnkey with established property management running the property, rentals are 100% occupied! Don’t miss this chance to own a versatile, income-producing property with room to grow. Seller reserves the right to complete a 1031 exchange.
  1. Listed by Skye Leach • eXp Realty LLC

Property Details for 333 South Old Pacific Highway

Parking Features
Off Street, RVAccess Parking
Zoning
R2, CC
View
Mountain, Trees Woods, Valley
Garage Spaces
9.00
Parking Total
10.00
LISTING UPDATED: 11/22/2024 08:51 PM

Property Details for 333 South Old Pacific Highway

StatusActive
MLS #24473945
Days on Market4
Taxes$2,832 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1947
Lot Size0.50 AC / 21,780 SF
CountyDouglas County

Virtual Tour

Building Information for 333 South Old Pacific Highway

Stories2Residences5Year Built1947Building Size-Lot Size0.50 AC / 21,780 SF

Property Information for 333 South Old Pacific Highway

Summary
Location and General Information
  • Country: US
  • Directions: Turn into property
School Information
  • High School: Days Creek
  • Middle Or Junior School: Canyonville
Taxes and HOA
  • Management Name: Real Wise
  • Tax Year: 2024
  • Tax Annual Amount: $2,831.95
  • Parcel Number: R28566
  • Tax Legal Description: TRI-CITY TRACTS, LOT 2, ACRES 0.50
Property
Lot Information
  • Acres: 0.5
  • Lot Description: Level
  • Lot Size Square Feet: 21780.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Updated Remodeled
  • Year Built: 1947
Utilities
  • Cooling Description: Wall Unit
  • Fuel Description: Electricity, Gas
  • Heating Description: Forced Air, Wall Furnace, Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Electricity, Gas, Heat, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Hard Concrete Stucco, Metal Siding, T111Siding
  • Roof Type: Built Up, Shingle
Interior Features
  • Basement: Crawl Space, Storage Space
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Gross Income Actual: $82,140.00
  • Gross Income Projected: $82,140.00
  • Gross Rent Multiplier: $7.91
  • Investor Information: According To Owner, Incomplete
  • Net Income Actual: $53,391.00
  • Net Income Projected: 53391
  • Operating Expenses Projected: $28,749.00
  • Operating Expense: $28,749.00
  • Storage: Attached, Garage
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
  • SqFt Approximate Building Total: 7700
Unit 1 Information
  • Unit Type 1 Baths Total: 2
  • Unit Type 1 Baths Decimal: 1.10
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $1,265
  • Unit Type 1 SqFt: 1000.0
  • Unit Type 1 Units Total: 1
Unit 2 Information
  • Unit Type 2 Baths Total: 2
  • Unit Type 2 Baths Decimal: 2.00
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Rent: $900
  • Unit Type 2 SqFt: 1000.0
  • Unit Type 2 Units Total: 1
Unit 3 Information
  • Unit Type 3 Baths Total: 1
  • Unit Type 3 Baths Decimal: 1.00
  • Unit Type 3 Beds Total: 2
  • Unit Type 3 Rent: $850
  • Unit Type 3 SqFt: 700.0
  • Unit Type 3 Units Total: 2
Unit 4 Information
  • Unit Type 4 Baths Total: 1
  • Unit Type 4 Baths Decimal: 1.00
  • Unit Type 4 Beds Total: 1
  • Unit Type 4 Rent: $795
  • Unit Type 4 SqFt: 600
  • Unit Type 4 UnitsTotal: 1

Public Records for 333 South Old Pacific Highway

Taxable ValueLand-Additions-Total-
Tax Record2023$2,745 ($229 / month)
Home Facts
Total Finished SqFt1,728 SqFtAbove Grade Finished SqFt1,728 SqFtStories1Lot Size21,780 SqFtStyleMiscellaneous CommercialZoningR2CountyDOUGLASAPN30-05W-07AD-01900

Schools near 333 South Old Pacific Highway

This home is within South Umpqua School District 19.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 12
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Tri City Elementary School
PublicPK to 5

South Umpqua Online Academy
PublicK to 12

South Umpqua High School
Public9 to 12

Myrtle Creek Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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333 South Old Pacific Highway is a multi-family home for sale in Myrtle Creek, OR 97457. This property was listed for sale on November 22, 2024 by eXp Realty LLC, it's currently listed at $649,900. This listing's school district is South Umpqua School District 19. Nearby schools include Tri City Elementary School, South Umpqua Online Academy and South Umpqua High School. 333 South Old Pacific Highway is a 0-bed, 0-bath, 7,700 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty LLC

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 11/22/2024 08:51 PM