Property • MultiFamily
Web ID # 594412183
$3,500,000.00
Beds • Baths
Property Features
Regional Multiple Listing Service, Inc.
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.
3rd or 4th right next to City Hall.
Dwelling Type: MultiFamily
Subdivision:
Year Built: 2025, County: US
3rd or 4th right next to City Hall.
Virtual Tour
Listing is courtesy of Premiere Property Group, LLC
