$2,795,000

16-unit multifamily property consisting of a 6-plex, a 3-plex, and 7 detached units, for 9,907 square feet in a total of 9 buildings. Income-producing multifamily property with a strong rental history and proven track record of attracting tenants. Significant portions of the property have been renovated and updated over the last few years, yet the property retains some additional value-add opportunity to drive future appreciation. Property has generally been fully-leased in recent years, with the exception of capital improvements and renovations of various units at turnover. Capital improvements completed to-date and associated rent increases demonstrate the market rents that can be achieved with future value-add efforts, making this an ideal asset for an investor looking for a clear upside with a long-term hold opportunity that will generate cash flow. Rural setting provides a quiet and relaxed atmosphere, despite being close to highway and freeway access with Hwy 99 and I-5 nearby. This proximity to major transportation routes results in drive-times of only 8 minutes to Lane Community College, 12 minutes to University of Oregon or Downtown Springfield, and 15 minutes from Downtown Eugene. All tenants pay own electricity--property is on City of Creswell water with affordable rates. Low taxes on County property. Storage units on-site and ample parking on the property.