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1640 Mill St

Eugene, OR 97401
  • $1,175,000
  • STATUS: Active
  • MLS #: 24333093
UPDATED: 157 min ago
$1,175,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,184
    SQFT
  • $369
    $/SQFT
Type:
Multi-Family
Built:
1974
County:

School Information

Elementary School:
Middle School:
High School:

Description

10 unit "quint" building just blocks to the heart of campus- 5 studios per floor with in suite bath sharing common kitchens of the 2 story building. To be clear, the building has 10 studios with 10 baths and 2 kitchens, one on each floor. Very stable rental history and most units leased at $850/unit. One unit turning over at the time of listing and is on the market for $900 with significant showing activity. Building as achieved rents of $900/unit previously. Building has new flooring through out the units ( within the last 18 months), new exterior paint, parking lot resurface and roof appears to be about halfway through its lifespan.This pedestrian to campus location has broad appeal to the student population, but in practice, about half the current tenants are non-students reflecting the desirability of this product type to many potential tenants.

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Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-19T03:54:17.357.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
www.brantleychristianson.com/homes/149888654
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1640 Mill St Eugene, OR 97401

  • Price: $1,175,000
  • Status: Active
  • On Site: Days
  • Updated: 157 min ago
  • MLS #: 24333093
0
Beds
0
Baths
0
½ Baths
0.11
Acres
3,184
SQFT
$369
$/SQFT
1974
Built
Neighborhood:
West University Neighbors
County:
Lane
Area:
243-Lane Co:East Eugene
Elementary School:
Edison
Middle School:
Roosevelt
High School:
South Eugene
Property Description
10 unit "quint" building just blocks to the heart of campus- 5 studios per floor with in suite bath sharing common kitchens of the 2 story building. To be clear, the building has 10 studios with 10 baths and 2 kitchens, one on each floor. Very stable rental history and most units leased at $850/unit. One unit turning over at the time of listing and is on the market for $900 with significant showing activity. Building as achieved rents of $900/unit previously. Building has new flooring through out the units ( within the last 18 months), new exterior paint, parking lot resurface and roof appears to be about halfway through its lifespan.This pedestrian to campus location has broad appeal to the student population, but in practice, about half the current tenants are non-students reflecting the desirability of this product type to many potential tenants.
Exterior Features

Attached Garage YN No Exterior Description Wood Siding Foundation Details Concrete Perimeter Lot Features Level Parking Features Off Street Open Parking Total 6 Roof Composition View YN No

Interior Features

Basement Crawl Space Cooling YN No Heating Wall Heater Heating YN No

Property Features

Bank Owned YN No Fuel Description Electricity Green Certification YN No Gross Income 96900 Hot Water Description Electricity IDXAddress Display YN Yes Internet Service Type Cable Satellite Listing Terms Cash Conventional Net Operating Income 68096 Operating Expense 28804 Property Attached YN No Property Condition Existing Rent Includes Electricity Heat Sewer Trash Collection Water Sewer Public Sewer Short Sale YN No Tax Annual Amount 5427.53 Tax Year 2023 Water Source Public Water Zoning R-3

Listing provided courtesy of Evans, Elder, Brown & Seubert: .


Listing content is copyright © 2024 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Brantley Christianson Real Estate LLC are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2024-05-19T03:54:17.357.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Brantley Christianson Real Estate LLC and should be independently verified.
 
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