Sweet Home, OR 97386,3224 HIGHWAY 20
Sweet Home, OR 97386,3224 HIGHWAY 20
Sweet Home, OR 97386,3224 HIGHWAY 20
5
Listed by SMI Commercial Real Estate LLC
Bought with Non Rmls Broker
$1,500,000
$1,600,000
6.3%
Est.Price: ?

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3224 HIGHWAY 20 Sweet Home, OR 97386

Est. payment /mo
SOLD DATE : 12/01/2023

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Key Details

Sold Price $1,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23050661

Sold Date 12/01/23

Year Built 1970

Annual Tax Amount $9,762

Tax Year 2022

Property Description

Discover South Fork Mobile Park community situated at the foothills of the Cascades. Boasting a Gross Rent Multiplier of 4.78, this property generates nearly $30,000 in monthly income. With an 8.7% Cap Rate based on Actual 2023 Income & Expenses, there's plenty of opportunity to increase returns further through RUBS implementation. Under the current ownership, South Fork Mobile Park has undergone significant improvements to benefit both residents and the wider community.

Location

State OR

County Linn

Area _221

Zoning C2

Interior

Heating Other

Exterior

View Y/N false

Garage No

Building

Story 1

Sewer Public Sewer

Water Public Water

Level or Stories 1

Schools

Elementary Schools Foster

Middle Schools Sweet Home

High Schools Sweet Home

Others

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

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Regional Multiple Listing Service (RMLS)

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John Madding

Principal Broker | License ID: 201220304

+1(503) 724-2245

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