Exceptional opportunity a waits in this commercially zoned 4-plex

Featuring 2 gorgeous freshly remodeled studio units, a 1 bedroom 2 bathroom unit and a 1 bedroom 1 bathroom standalone unit, plus garages which are rented for additional $1, 300 in monthly income. Fresh renovations to much of the building. Brand new exterior decking, railing, lighting and paint. Interior of 2 units are original, other 2 units are fully renovated with ttractive modern finishes. Has tremendous upside potential through updating remaining 2 units and achieving max market rent. Building is currently fully leased making this an ideal turnkey investment opportunity!

Total gross income is $57, 372 annually. Eligible for residential financing, making this an easy purchase.

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on 2035 NE Stephens St
in Roseburg, OR
Presented by Evan Nelson at
eXp Realty, Inc. Oregon.


Property MLS #24348155 from RMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 2

+ Bathrooms

Full Bathrooms: 5

+ Interior Features

Storage: Garage

+ Heating and Cooling

Heating Features: MiniSplit
Heating Fuel: Electricity
Heating: Yes
Water Heaters: Gas

+ Land Info

Lot Description: Level
Lot Size Acres: 0.2099862
Lot Size Square Feet: 9147

+ Garage and Parking

Garage Spaces: 3
Parking Features: Driveway, OffStreet
Parking Total: 4

+ Exterior and Lot Features

Road Surface Type: Paved

+ Home Features

View: City

+ Rental Info

Gross Income: 57372
Rent Includes: Electricity, Gas, Sewer, TrashCollection, Water

+ Multi-Unit Info

Number of Units: 7
Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 2

+ School Information

High School: Roseburg
Middle School: Joseph Lane
+ Display Complete School Details

Joseph Lane Middle School is a public middle school located approximately 0.2 miles away.
Map directions

Roseburg High School is a public high school located approximately 1.3 miles away.
Map directions

Fir Grove Elementary School is a public elementary school located approximately 1.5 miles away.
Map directions

Geneva Academy is a private elementary, middle and high school located approximately 0.2 miles away.
Map directions

+ Other Property Info

LotSizeRange: SqFt7000to9999
Annual Tax Amount: 3198.829999999
Source Listing Status: Active
County: Douglas
Cap Rate: 6.53
Directions: NE Stephens
Tax Year: 2023
Source Property Type: MultiFamily
Parcel Number: R44950
Zoning: C3
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2021	$137040 + $81054 $218094	$3199
2020	$137040 + $81054 $218094	$3280
2019	$137040 + $81054 $218094	$3304
2018	$0 + $0 $231375	$3519
2017	$0 + $0 $224636	$3370
2016	$137040 + $81054 $218094	$3215
2015	$137040 + $81054 $218094	$3238
2014	$0 + $0 $213171	$3168
2013	$unknown + $unknown $209889	$3120
2012	$unknown + $unknown $210307	$3211
2011	$unknown + $unknown $204182	$3121
2010	$unknown + $unknown $198235	$3031
2009	$unknown + $unknown $192462	$2939
2008	$unknown + $unknown $186857	$2855

+ Reveal Property Sale History

Listing removed 2024-07-01
$725000
RMLS

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Price Changed 2024-04-02
$695000
RMLS

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Price Changed 2024-01-20
$725000
RMLS

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Listed 2024-01-19
$0
RMLS

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Sold 2022-03-08
$475000
RMLS

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Listed 2021-09-20
$475000
RMLS

+ Commercial Info

Net Operating Income: 45372
Operating Expense: 12000

+ Building and Construction

Year Built: 1966
Building Area Total: 4326
Building Exterior Type: BoardBattenSiding, MetalSiding
Foundation Details: ConcretePerimeter
Property Age: 58
Property Condition: Restored
Roof: Metal
Levels or Stories: 2

+ Utilities

Sewer: PublicSewer
Water Source: PublicWater