Courtesy: Valley Realty
541-963-4174
Investors looking for an opportunity to own apartment rentals look no further! Two adjacent well-kept 4-plexes built amongst the pine trees on separate tax lots are ready for the motivated investor who has residual income as a future priority! As a residential gem in the city of Elgin, you don't want to miss this rare opportunity that was built with pride in 1979 and owned by only the original owner! Located near schools and close to shopping makes this a place that tenants enjoy calling home as turnover and vacancies are nearly nonexistent! Offering 8 total spacious units with seven 2-bedroom 1-bathroom units and one 1-bedroom 1 bathroom unit. All units include range/oven, refrigerator, dishwasher and a garbage disposal! The convenient on-site laundry room has 2 washers and 2 dryers for all tenants to utilize as needed. The grounds give the feeling of a park like atmosphere as landscaping is always well maintained. Each upstairs unit provides a Trex deck out the dining room sliding glass door to enjoy the evening views while relaxing, and the downstairs units offer a patio and a small yard! The buildings have newer roofs, double pane vinyl windows, Hardy siding, and exterior paint. Make an appointment to see this great opportunity today!Listing agent is related to the seller. Each 4-Plex may be sold individually at $499,000 each or together as listed. Financials are available.
Elgin is located in Oregon. Elgin, Oregon has a population of 1,520. Elgin is less family-centric than the surrounding county with 27.6% of the households containing married families with children. The county average for households married with children is 28.7%.
The median household income in Elgin, Oregon is $45,903. The median household income for the surrounding county is $55,227 compared to the national median of $69,021. The median age of people living in Elgin is 44.9 years.
The average high temperature in July is 85.9 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 19.9 inches per year, with 34.2 inches of snow per year.
