1130 Main (-1136) St, Philomath, OR 97370
- $465,000
- 2
- BD
- 2
- BA
- 5,366
- SqFt
Listing Courtesy of AndCo REAL ESTATE. CELL: 541-791-6294
- List Price
- $465,000
- MLS#
- 806606
- Status
- ACTIVE UNDER CONTRACT
- Type
- Multifamily
- Subtype
- Duplex
- City
- Philomath
- Area
- 70 Benton County
- County
- Benton
- Bedrooms
- 2
- Bathrooms
- 2
- Year Built
- 1945
Property 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 storagecontainer. 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 at8.48% Cap Rate. ODOT funded HWY 20 project underway to revitalize Main St.
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Additional Information
- Outbuildings
- Other (Refer to Remarks)
- Siding
- Aluminum, Wood
- Water
- City
- Heating
- Heat Pump, Wall Furnace
- Flooring
- Carpet, Vinyl
- Laundry
- W/D Hookup
- Sewer
- City
- Fenced
- Yes
- Siding Style
- Lap
- Roof
- Composition, Metal or Aluminum
- Water Heater
- Electric
- Elementary School
- Philomath
- Middle School
- Philomath
- High School
- Philomath
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