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540 W 3RD AVE $1,050,000

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540 W 3RD AVE Junction City, OR 97448

  • 0 Beds
  • 0 Baths
  • 0 sq.ft.
  • Multi-Family
Listing# 18603738 | Pending

$1,050,000

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Days On Market: 153 6 Views
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Property Details

Three year old Apartment Complex In superb condition throughout.Very attractive 2 bdrm 1.5 bath unit include extras,granite counter tops, built in W/D. Units are fire sprinkled.Separately water metered.Exellent rental history.Great location in downtown Junction City.At current rents, cap rate is 5.10 %.This property is broker owned.

  • General Features
    • Area Lane Co: Junction City
    • Bank Owned Y/N No
    • Capitalization Rate 4.89
    • Cooling Description None
    • Country US
    • Fuel Description Electricity
    • Gross Income Actual 77304
    • Gross Income Projected 79515
    • Gross Rent Multiplier 13.58
    • Heating Description Zoned
    • Net Income Actual 51359
    • Net Income Projected 53646
    • Number Of Units Total 7
    • Operating Expenses Actual 26447
    • Operating Expenses Projected 25869
    • Security Or Entry Fire Sprinkler System
    • Sewer Description Public Sewer
    • Short Sale Y/N No
    • Stories 2
    • Supplement Number 0
    • Tax Amount 9895.18
    • Terms Cash,Conventional
    • Third Party Approval Y/N No
    • Utilities Included Trash Collection,Landscaping
    • View Type City
    • View Y/N Yes
    • Water Description Public
    • Year Built 2015
    • Year Built Description Existing
    • Zoning C/R
  • Building Features
    • Exterior Description Lap Siding,Cement Siding
    • Garage Or Parking Spaces 9
    • SqFt Approximate Building Total 5775
    • Storage Attached
    • Unit Type1 Baths Total 2
    • Unit Type1 Beds Total 2
    • Unit Type1 Features Dishwasher,Range,Refrigerator,Washer/Dryer
    • Unit Type1 Rent 6975
    • Unit Type1 SqFt 5775
    • Unit Type1 Units Total 7
    • UnitFeatures Dishwasher,Range,Refrigerator,Washer/Dryer
    • UnitTypeType 1
  • Room Features
    • Basement Foundation Crawl Space,No Basement,Slab
    • Legal Description Map # 15-04-32-33 TL # 02700
    • Limited Representation Y/N Full Service
  • Property Features
    • Lot Description On Busline,Corner,Level
    • Lot Size 10,000 to 14,999 SqFt
    • Parking Description Assigned,Paved
    • Property Category MultiFamily
    • Roof Type Composition
  • Schools
    • Elementary School Laurel
    • High School Junction City
    • Middle School Oaklea

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Neighborhood

97448 (Junction City) Demographics

44Median Age
86Population Density (per sq. mile)
29%College Educated
$51,667Estimated Median Income
3,294Estimated Total Home Owners
1,408Estimated Total Renters
70% / 30%Estimated Owner / Renter Divide
2Estimated Average Household Size
12,312Total Population

Market Last 30 Days

$292,000 Median Sales Price
9 Homes Sold
12 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,050,000
      10/5/2018 2:06:46 PM Status Changed Source New Value: Pending
      8/16/2018 5:09:00 PM New in Database Source

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      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 Berkshire Hathaway HomeServices Real Estate Professionals are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. This content last updated on 1/16/2019. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing 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.