$1,175,000
1640 MILL ST Eugene, OR 97401
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Listed by Evans, Elder, Brown & Seubert
$1,175,000
Est. payment /mo
3,184 SqFt
Active
1640 MILL ST Eugene, OR 97401
UPDATED:
08/16/2024 07:06 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,184 sqft
Price per Sqft $369
Subdivision West University Neighbors
MLS Listing ID 24333093
Year Built 1974
Annual Tax Amount $5,427
Tax Year 2023
Lot Size 4,791 Sqft
Property Description
10 unit "quint" building just blocks to the heart of campus- 5 studios per floor with in suite bath sharing common kitchens of the 2 story building. To be clear, the building has 10 studios with 10 baths and 2 kitchens, one on each floor. Very stable rental history and most units leased at $850/unit. One unit turning over at the time of listing and is on the market for $900 with significant showing activity. Building as achieved rents of $900/unit previously. Building has new flooring through out the units ( within the last 18 months), new exterior paint, parking lot resurface and roof appears to be about halfway through its lifespan.This pedestrian to campus location has broad appeal to the student population, but in practice, about half the current tenants are non-students reflecting the desirability of this product type to many potential tenants.
Location
State OR
County Lane
Area _243
Zoning R-3
Rooms
Basement Crawl Space
Interior
Heating Wall Heater
Exterior
Roof Type Composition
Parking Type Off Street, Open
Garage No
Building
Lot Description Level
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Edison
Middle Schools Roosevelt
High Schools South Eugene
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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