287 W 5TH AVE, Junction City, OR 97448
- $1,400,000
- List Price
- $1,400,000
- Days on Market
- 27
- MLS#
- 244936370
- Property Type
- Multifamily
- Lot Size
- 5, 000 to 6, 999 SqFt
- Region
- Lane Co: Junction City
- Status
- ACTIVE
Property Description
An exceptional opportunity to acquire a high-performing income property in the heart of downtown Junction City. This permitted triplex offers a unique investment model that maximizes rental income by leasing 12 individual bedrooms rather than the three units as traditional apartments. This is a rare, income-maximized, engine generating, nearly $8,700/month in gross rents. This concept not only helps maximize the property's income stream, but minimizes the vacancy loss as well if a tenant moves out, you still have 11 others still paying. This model is so effective and keeps occupancy so high because of housing affordability and the high demand of low-income renters in the Junction City area. Leasing individual bedrooms rather than whole units — producing gross revenues substantially above what traditional unit-by-unit rental would yield in this submarket. With Junction City positioned as an affordable alternative to Eugene's tightening rental market, demand for individual rooms is strong and growing. 100% Occupied — Day-One Cash Flow. Tenants pay all utilities. No lease-up risk. No vacancy stabilization period. A buyer steps into a fully tenanted, fully performing asset from closing day forward.
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Additional Information
- Tax Amount
- $4,511
- Year Built
- 1905
- High School
- Junction City
- Elementary School
- Laurel
- Middle School
- Oaklea
- Acres
- 0.14
- Stories
- 2
- Terms
- Cash, Conventional
- Fuel Description
- Electricity
- Heating Description
- Zoned
- Hoa Rent Includes
- None
- Exterior Description
- Cement Siding, Wood Siding
- Roof Type
- Composition
- Sewer Description
- Public Sewer
- Number Of Units Total
- 12
- Unit Type One Baths Total
- 2
- Unit Type One Beds Total
- 6
- Unit Type One Rent
- 4695
- Unit Type One Sq Ft
- 150
- Unit Type One Units Total
- 6
- Unit Type Two Baths Total
- 2
- Unit Type Two Beds Total
- 6
- Unit Type Two Units Total
- 6
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Listing courtesy of Walker Family Development Inc.
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