Address
541 Park St Lebanon, OR
Price
$ 599,900
Property Attributes
  • MLS#771669
  • TypeCommercial
  • CountyLINN
  • CityLebanon
  • Area80 LINN COUNTY
  • Zip97355
  • StyleOffice
  • Taxes5276
  • Price$ 599,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5168
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
VANGUARD REALTY GROUP
Property Description

During these crazy times, its hard to find investment opportunities with low risk & no vacancies. 541 Park is a triplex with great, long term, dependable tenants! Current leases run through 2024 and 2028 & the tenants have been there for many years. As a self managed building, this investment operates on an 8% cap rate. Adding in potential vacancy loss & management fees, you're still operating on a healthy 6% cap. Newer exterior paint and awnings. One of the owners is a licensed real estate professional.

Price History
12/7/2020 Listed $599,900

General Features

Assessments Or Liens No
Associated Document Count 1
Class Commercial
Heating Central AC, Forced Air
Listing Area 80 LINN COUNTY
Maintenance 2820
Miscellaneous 3600
New Construction No
Owner Managed Yes
Status ACTIVE
Status Active
Subdivision OR
Total Expenses 20139
Type Office
Water City
Zoning Z-CCM

Interior Features

Approx Bldg. Sqft 5168
High Speed Comm Access Present

Exterior Features

Net Income 36261
Foundation Slab
Lot Size Area 0.19
Siding Block

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 97355

Price
AVG $490K
$600K
Taxes
AVG $6,364
$5,276
Visits
AVG 47
18

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