1071 W 13TH AVE, Eugene, OR 97402

About this property

Excellent investment opportunity with this well-maintained 4-unit property at 1071–1077 W 13th Ave in Eugene. Each unit offers 2 bedrooms and 1 bathroom with updated interiors and established tenants in place. Current combined rents are $5,900 per month, providing $70,800 in annual scheduled rental income. Estimated annual operating expenses are approximately $19,349, resulting in estimated net operating income of approximately $51,451. Offered at $795,000, the property reflects an indicated cap rate of approximately 6.47%. Convenient Eugene location with easy access to downtown, the University of Oregon, shopping, restaurants, bike paths and public transportation. The seller has personally managed the property without the expense of a professional property management company. Please do not disturb tenants. Contact broker for current leases, income and expense information and additional documentation. Showings will be arranged with an accepted offer.