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Listed by Premiere Property Group, LLC

$3,500,000

Est. payment - /mo

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0.46 Acres Lot

Active

600 4TH ST Gervais, OR 97026

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Tommy Jedrzejczyk

tommy@tltre.com +1(503) 506-4646

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 594412183

Year Built 2026

Annual Tax Amount $520

Tax Year 2024

Lot Size 0.460 Acres

Property Description

This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand new 8 apartments and 4-8 retail/business offices (tenant improvements to be done by the leasee, leaseor can partly fund tenant improements if chooses) in downtown Gervais. Luxury Apartments are 952 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 3,376 sq-ft to 1,688 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and always having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 250k. Super easy access to I-5 in Woodburn, which is in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.

Location

State OR

County Marion

Community Alllandscaping

Area _170

Zoning COM

Rooms

Basement None

Interior

Heating Wall Heater

Cooling Wall Unit

Exterior

Community Features AllLandscaping

View City, Seasonal

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 3

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 3

Schools

Elementary Schools Gervais

Middle Schools Gervais

High Schools Gervais

Others

Acceptable Financing CallListingAgent, Cash, Contract, Conventional, FHA, OwnerWillCarry

Listing Terms CallListingAgent, Cash, Contract, Conventional, FHA, OwnerWillCarry

Regional Multiple Listing Service (RMLS)

NEARBY SCHOOL & BUSINESS

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