Property Description
residential multifamily in Butte Falls: three two-story buildings, ±6,200 SF on 0.43 acres, built 2002. All nine units occupied; Unit C3 (2BR/1BA, 900 SF) has been fully refurbished with new flooring, windows, paint, and appliances. Price per unit: $68,778. Approximately 47-48% of gross income is HUD Section 8 HAP -- a reliable rental income floor. All units separately metered electric. Owner pays water/sewer, garbage, and common-area utilities. Central air, forced-air electric heat, vinyl double-pane windows, private storage shed per unit, 18 parking spaces. Pro Forma Stabilized NOI ≈ $44,300 at current rent roll (7.16% cap at $619K); ≈ $55,600 with Unit C3 now leased (≈8.99% cap). Value-add upside on B1 and B2 at next turnover. Seller has secured updated insurance quotes from a carrier willing to underwrite at reasonable rates -- available on request. Butte Falls is ~30 miles from Medford; local property management options available.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Pro West R.E.
Shown By
Agent Name: Jane Loveday Broker
Agent Phone: (619) 519-1615
Agency Title: Bend Premier Real Estate
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248 South Street, Unit 1 - 9 | MLS# 220217327
This commercial property located at 248 South Street, Unit 1 - 9, Butte Falls, OR 97522 is currently listed for sale with an asking price of $619,000. Search Butte Falls real estate on janeloveday.bendpremierrealestate.com today.