Description
Accepted Offer with Contingencies. Multi-use/tenant investment property located on HWY 20/Main St. in Philomath. The property consists of 5 buildings and a storage container. Leased spaces: 2 residential apartments, 3 retail/office spaces, 2 units in metal shop/building, and a small storage shed. This owner managed property has generated fantastic income with $53,793 in 2022. 7.78% Cap Rate on 2022 Actuals. Pro-forma at 8.40% Cap Rate. ODOT funded HWY 20 project underway to revitalize Main St. See also MLS #806606
Location
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Updated: 1st October, 2023 9:27 AM (UTC)
