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Gervais,OR 97026
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 594412183
Year Built 2025
Annual Tax Amount $520
Tax Year 2024
Lot Size 0.460 Acres
Property Description
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.
Location
State OR
County Marion
Community Alllandscaping
Area _170
Zoning COM
Interior
Heating Wall Heater
Cooling Wall Unit
Exterior
Community Features AllLandscaping
View City, Seasonal
Roof Type Composition
Building
Lot Description Corner Lot, Level
Story 3
Foundation Slab
Sewer Public Sewer
Water Public Water
Schools
Elementary Schools Gervais
Middle Schools Gervais
High Schools Gervais
Others
Acceptable Financing CallListingAgent,Cash,Contract,Conventional,FHA,OwnerWillCarry
Listing Terms CallListingAgent,Cash,Contract,Conventional,FHA,OwnerWillCarry