OR > Gervais
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
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Stephanie Findley

Stephanie Findley

MORE Realty

+1(503) 435-7049
Listed by Premiere Property Group, LLC
$ 3,500,000
Est. payment | /mo

0.46 Acres Lot

Save
$ 3,500,000
Est. payment | /mo
Save

0.46 Acres Lot

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 for years to come. Be an investor with these 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 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 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. This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, 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 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass you by. I would do this if my wonderful wife would let me!

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)
agent-avatar

+1(503) 435-7049

stephanie@redberryre.com

510 NE 8th St, McMinnville, OR, 97128, USA

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600 4TH ST