37731 Roll Tide Court

Lebanon, OR 97355

$2,891,000
Price
Beds
13,144 Sq. Ft.
$220 / Sq. Ft.
13,144
Sq. Ft.
$220
per Sq. Ft.

Description

New construction investment opportunity with rents of $18k monthly. 4 duplexes give you eight 3 bed, 2.5 bath townhomes. Located in a highly desirable neighborhood, just off River Drive between the Santiam River and Cheadle Lake Park, provides easy access to the North Shore Trail and a walking trail that leads to the South Santiam via Riverview Park. Close to dining, shopping, and Highway 20. Proximity to a medical school and Western Oregon University, ensuring strong return on investment. With the...New construction investment opportunity with rents of $18k monthly. 4 duplexes give you eight 3 bed, 2.5 bath townhomes. Located in a highly desirable neighborhood, just off River Drive between the Santiam River and Cheadle Lake Park, provides easy access to the North Shore Trail and a walking trail that leads to the South Santiam via Riverview Park. Close to dining, shopping, and Highway 20. Proximity to a medical school and Western Oregon University, ensuring strong return on investment. With the high demand for housing in this growing town, this investment is a no-brainer, an impressive 5.73% cap rate.
  1. Listed by Mark Shadrin • Berkshire Hathaway HomeServices Real Estate Professionals

Property Details for 37731 Roll Tide Court

Subdivision
RIVER TRAIL PLACE
Parking Features
Driveway, Garage
Zoning
RM
View
Creek Stream, Lake, Territorial
Garage Spaces
9.00
Parking Total
16.00

Location

Listing Courtesy of Berkshire Hathaway HomeServices Real Estate Professionals
Add your commute
LISTING UPDATED: 02/15/2024 03:06 PM

Property Details for 37731 Roll Tide Court

StatusActive
MLS #23451091
Days on Market174
Taxes$4,602 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2024
Lot Size0.88 AC / 38,332 SF
CountyLinn County

Location

Listing Courtesy of Berkshire Hathaway HomeServices Real Estate Professionals
Add your commute

Building Information for 37731 Roll Tide Court

Stories2Residences8Year Built2024Building Size-Lot Size0.88 AC / 38,332 SF

Payment Calculator

$16,161 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,777

Property Taxes

$384

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 37731 Roll Tide Court

Summary
Location and General Information
  • Country: US
  • Directions: From S Santiam Hwy 20, head E on Russel Dr., straight on to River Dr., on left after 0.6 miles
  • Road Surface: Concrete, Paved
School Information
  • Elementary School: Riverview
  • High School: Lebanon
  • Middle Or Junior School: Seven Oak
Taxes and HOA
  • Tax Year: 2023
  • Tax Annual Amount: $4,602.00
  • Parcel Number: 0947313
  • Parcel Number 2: 0947314
  • Parcel Number 3: 0947315
  • Tax Legal Description: 12S02W14DD
Property
Lot Information
  • Acres: 0.88
  • Lot Description: Cul_de_sac, Gentle Sloping, Level
  • Lot Size Square Feet: 38332.0
  • Lot Size Range: Sq Ft20000to Acres1
  • Lot Size: 20,000 Sq Ft to .99 Acres
Property and Assessments
  • Property Type: Multi Family
  • Water Description: Public Water
  • Property Condition: Under Construction
  • Year Built: 2024
Utilities
  • Cooling Description: Air Conditioning Ready, Other
  • Fuel Description: Gas
  • Heating Description: Forced Air95Plus
  • Hot Water Description: Gas
  • Sewer Description: Public Sewer
  • Rent Includes: None
Interior and Exterior Features
Exterior Features
  • Exterior Description: Cement Siding, Lap Siding
  • Roof Type: Composition
  • Waterfront Description: Creek
Interior Features
  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Stories: 2
Amenities
Amenities Information
  • Internet Service Type: DSL
Multi Family
Multi-Family Information
  • Number Of Units Total: 8
  • Gross Income Actual: $213,120.00
  • Gross Income Projected: $213,120.00
  • Gross Rent Multiplier: $13.57
  • Net Income Actual: $166,700.00
  • Net Income Projected: 166700
  • Operating Expenses Projected: $46,420.00
  • Operating Expense: $46,420.00
  • Unit Type Type: Unit Type Type1, Unit Type Type2
  • SqFt Approximate Building Total: 13144
Unit 1 Information
  • Unit Type 1 Baths Total: 3
  • Unit Type 1 Beds Total: 3
  • Unit Type 1 Features: Dishwasher, Microwave, Range, Washer Dryer Hookup
  • Unit Type 1 Rent: $2,295
  • Unit Type 1 SqFt: 1760.0
  • Unit Type 1 Units Total: 6
Unit 2 Information
  • Unit Type 2 Baths Total: 3
  • Unit Type 2 Beds Total: 3
  • Unit Type 2 Features: Dishwasher, Microwave, Range, Washer Dryer Hookup
  • Unit Type 2 Rent: $1,995
  • Unit Type 2 SqFt: 1292.0
  • Unit Type 2 Units Total: 2

Schools near 37731 Roll Tide Court

This home is within Lebanon Community School District 9.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Riverview School
PublicK to 5

Seven Oak Middle School
Public6 to 8

Lebanon High School
Public9 to 12

Sand Ridge Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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37731 Roll Tide Court is a multi-family home for sale in Lebanon, OR 97355. This property was listed for sale on November 7, 2023 by Berkshire Hathaway HomeServices Real Estate Professionals, it's currently listed at $2,891,000. This listing's school district is Lebanon Community School District 9. Nearby schools include Riverview School, Seven Oak Middle School and Lebanon High School. 37731 Roll Tide Court is a 0-bed, 0-bath, 13,144 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway HomeServices Real Estate Professionals

All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 02/15/2024 03:06 PM