48175 E First St - Apartments FOR SALE


Oakridge, OR 97463
$785,000 USD
541-520-8012
48175 E First St, Oakridge, OR for Sale
$785,000 USD
Apartments - FOR SALE
1/33
null | 9.6% Cap Rate

48175 E First St
Oakridge, OR 97463


HIGHLIGHTS

  • Great setting
  • Beutifully renovated
  • Lots of possibilities

OVERVIEW

Major opportunity! There are so many options in this beautifully renovated historic property situated in a recreational paradise. Originally the local Masonic Lodge, it is now converted into a residence. It may work well for Airbnb, apartments, special needs housing, and more. Gourmet kitchen, second kitchen, utility, and common space on the main level with ample indoor/outdoor seating for bistro-style dining. Handcrafted wood-fired pizza oven and a thoughtfully curated edible gardenscape provide options for year-round foraging and al fresco meals. Soaring ceilings on both levels, open-banister staircase, ample storage closets, and quality, craftsman-style finishes throughout. Oversized double garage with two large storage rooms and workshop space. The owners' suite and guest rooms upstairs could be divided into multiple private apartments or be the first to bring a co-op or condo to Oakridge! The property could also provide a location for an alternative educational facility, daycare, adult foster care, event space, multi-generational living, or any other group-living or live-work opportunity. The City of Oakridge seeks solutions, so don't hesitate to bring your creativity. Incredible value at this price!

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

8

PRICE/UNIT

$98,125

CAP RATE

9.6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,329 SF

ZONING

Residential

APN/PARCEL ID

0953966

ASK ABOUT THIS PROPERTY

Rob CohenPacific Real Estate Services, Inc.More Info
541-520-8012

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Rob CohenPacific Real Estate Services, Inc.More Info
541-520-8012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.