885 Sommerville Loop

Harrisburg, OR 97446

$930,000
Price
Beds
34,486 Sq. Ft.
$27 / Sq. Ft.
34,486
Sq. Ft.
$27
per Sq. Ft.

Description

LIHTC-Section 42-Affordability Restrictions run through 2058 28 units built in 1998. Townhouse style layouts. 14 separate buildings on 2.77 acres. 12%+ cap rate on stabilized operations. Offers due by 4pm on December 9, 2024.LIHTC-Section 42-Affordability Restrictions run through 2058 28 units built in 1998. Townhouse style layouts. 14 separate buildings on 2.77 acres. 12%+ cap rate on stabilized operations. Offers due by 4pm on December 9, 2024.
  1. Listed by Kristena Cox • Windermere RE Lane County • 541-501-3399

Property Details for 885 Sommerville Loop

Parking Features
Covered
Zoning
R-2
View
Territorial
Parking Total
43.00
LISTING UPDATED: 11/26/2024 01:51 PM

Property Details for 885 Sommerville Loop

StatusActive
MLS #24479452
Days on Market1
Taxes$16,245 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1998
Lot Size2.77 AC / 120,661 SF
CountyLinn County

Building Information for 885 Sommerville Loop

Stories2Residences28Year Built1998Building Size-Lot Size2.77 AC / 120,661 SF

Property Information for 885 Sommerville Loop

Summary
Location and General Information
  • Country: US
  • Directions: S. 6th St & Sommerville Loop
  • Road Surface: Paved
School Information
  • Elementary School: Harrisburg
  • High School: Harrisburg
  • Middle Or Junior School: Harrisburg
Taxes and HOA
  • Tax Year: 2024
  • Tax Annual Amount: $16,245.00
  • Parcel Number: 0848493
  • Tax Legal Description: to be provided by escrow
Property
Lot Information
  • Acres: 2.77
  • Lot Description: Level
  • Lot Size Square Feet: 120661.0
  • Lot Size Range: Acres1to3
  • Lot Size: 1 to 2.99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Year Built: 1998
Utilities
  • Fuel Description: Electricity
  • Heating Description: Wall Heater
  • Hot Water Description: Electricity
  • Sewer Description: Public Sewer
  • Rent Includes: Maintenance Grounds, Sewer, Trash Collection, Water
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Lap Siding
  • Roof Type: Composition
Interior Features
  • Basement: None
  • Foundation Details: Slab
  • Stories: 2
Multi Family
Multi-Family Information
  • Number Of Units Total: 28
  • Gross Income Actual: $232,734.00
  • Gross Income Projected: $331,737.00
  • Gross Rent Multiplier: $4.00
  • Investor Information: Profit Loss Statement
  • Net Income Actual: $70,106.00
  • Net Income Projected: 160162
  • Operating Expenses Projected: $171,575.00
  • Operating Expense: $162,688.00
  • Storage: Deck
  • Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5
  • Common Amenities: All Landscaping, Laundry
  • SqFt Approximate Building Total: 34486
Unit 1 Information
  • Unit Type 1 Baths Total: 1
  • Unit Type 1 Baths Decimal: 1.00
  • Unit Type 1 Beds Total: 2
  • Unit Type 1 Rent: $321
  • Unit Type 1 SqFt: 920.0
  • Unit Type 1 Units Total: 5
Unit 2 Information
  • Unit Type 2 Baths Total: 1
  • Unit Type 2 Baths Decimal: 1.00
  • Unit Type 2 Beds Total: 2
  • Unit Type 2 Rent: $668
  • Unit Type 2 SqFt: 920.0
  • Unit Type 2 Units Total: 5
Unit 3 Information
  • Unit Type 3 Baths Total: 2
  • Unit Type 3 Baths Decimal: 1.10
  • Unit Type 3 Beds Total: 3
  • Unit Type 3 Rent: $703
  • Unit Type 3 SqFt: 1250.0
  • Unit Type 3 Units Total: 9
Unit 4 Information
  • Unit Type 4 Baths Total: 2
  • Unit Type 4 Baths Decimal: 1.10
  • Unit Type 4 Beds Total: 3
  • Unit Type 4 Rent: $869
  • Unit Type 4 SqFt: 1250
  • Unit Type 4 UnitsTotal: 6
Unit 5 Information
  • Unit Type 5 Baths Total: 2
  • Unit Type 5 Baths Decimal: 1.10
  • Unit Type 5 Beds Total: 3
  • Unit Type 5 Rent: $1,370
  • Unit Type 5 SqFt: 1250.0
  • Unit Type 5 Units Total: 3

Schools near 885 Sommerville Loop

This home is within Harrisburg School District 7j.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Harrisburg Elementary School
PublicK to 4

Harrisburg Middle School
Public5 to 8

Harrisburg High School
Public9 to 12

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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885 Sommerville Loop is a multi-family home for sale in Harrisburg, OR 97446. This listing's school district is Harrisburg School District 7j. Nearby schools include Harrisburg Elementary School, Harrisburg Middle School and Harrisburg High School. 885 Sommerville Loop is a 0-bed, 0-bath, 34,486 sqft multi-family home built in 1998.

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 Windermere RE Lane County

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