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Key Details
Sold Price $925,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 10,206 sqft
Price per Sqft $90
MLS Listing ID 103012637
Sold Date 06/23/21
Year Built 1953
Annual Tax Amount $14,305
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 0.6
Property Description
This is a private investment sale with a 12-unit office building with one residential apartment in the back. It has an excellent rental history due to low rents and one current vacancy that needs to be remodeled. The property is professionally managed. The parking ratio is excellent, the exposure is on busy East Main Street and many suites have been remodeled, with some long term leases. The property is well maintained and a great investment with upward potential, as the rent average is below market, due to long-term tenants. The reason for the sale is the owner has passed away and the estate desires to liquidate the property to pay estate taxes and costs. One of the estate beneficiaries is a licensed active Oregon Real Estate Broker.
Location
State OR
County Jackson
Direction From Crater Lake Avenue, turn westbound on East main Street, look for address on the left.
Interior
Heating Electric, Forced Air, Natural Gas
Cooling Central Air
Exterior
Parking Features Parking Lot
Roof Type Composition
Building
Entry Level One
Foundation Other
Water Public
Structure Type Brick,Frame
New Construction No
Others
Senior Community No
Tax ID 10364781
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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