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Listed by Premiere Property Group, LLC
$ 3,500,000
Est. payment /mo
New
600 4TH ST Gervais, OR 97026
0.46 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 594412183
Year Built 2025
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. Brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, quartz countertops, stainless steel appliances, 2 bedroom 2 bath with air-conditionig, washer/dryer hook up, balcony and storage. The ground level retail/offices can be split from 2,000sqft to 1,000 or even smaller to rent out. Bring your dream and your ideas. Parking lot is also big enough to rent out to culinary food trailers/trucks. This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantilly in the last few of years, having it's own schools Elementry up through High School. Seller is also willing to carry a contract on this for 20yrs with a sizable down payment. The projected yearly gross income is over 300k. Estimated time of completion is July.
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
