OR > Gervais
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
Gervais, OR 97026,600 4TH ST
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Mitch Foteff

Mitch Foteff

+1(503) 260-4629
Listed by Premiere Property Group, LLC
$ 3,500,000
Est. payment | /mo

0.46 Acres Lot

Save
$ 3,500,000
Est. payment | /mo
Save

0.46 Acres Lot

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. 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, quartz countertops, stainless steel appliances, 2 bedroom 2 bath with air-conditionig, washer/dryer hook up, balcony and storage. The ground level retail/offices can be split from 2,000sqft to 1,000 or even smaller to rent out. Bring your dream and your ideas. Parking lot is also big enough to rent out to culinary food trailers/trucks. This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantilly in the last few of years, having it's own schools Elementry up through High School. Seller is also willing to carry a contract on this for 20yrs with a sizable down payment. The projected yearly gross income is over 300k. Estimated time of completion is July.

Location

State OR

County Marion

Community Alllandscaping

Area _170

Zoning COM

Rooms

Basement None

Interior

Heating Wall Heater

Cooling Wall Unit

Exterior

Community Features AllLandscaping

View City, Seasonal

Roof Type Composition

Garage No

Building

Lot Description Corner Lot, Level

Story 3

Foundation Slab

Sewer Public Sewer

Water Public Water

Level or Stories 3

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

Regional Multiple Listing Service (RMLS)

GET MORE INFORMATION

agent
Mitch Foteff

Partner | Lic# LIC# 201106062

+1(503) 260-4629

9200 SE Sunnybrook Blvd. Suite 150, Clackamas, OR, 97015

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600 4TH ST