722 Southeast Flint Street
722 Southeast Flint Street
Roseburg, OR 97470
$720,000
Price
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Beds
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Description
This 4-plex in Roseburg, OR, presents an exceptional investment opportunity with stable income and minimal owner involvement. Remodeled in 2023 specifically for adult home care services, the property offers: >>Stable, NNN Lease: $3,600 monthly income with a long-term, 5-year lease and a reputable tenant. >>Strong ROI: Four 1-bedroom, 1-bathroom units, each leased for $900 NET per month, generating a strong annual ROI of 6%. >>Passive Ownership: Enjoy minimal management hassle as the tenant covers...This 4-plex in Roseburg, OR, presents an exceptional investment opportunity with stable income and minimal owner involvement. Remodeled in 2023 specifically for adult home care services, the property offers: >>Stable, NNN Lease: $3,600 monthly income with a long-term, 5-year lease and a reputable tenant. >>Strong ROI: Four 1-bedroom, 1-bathroom units, each leased for $900 NET per month, generating a strong annual ROI of 6%. >>Passive Ownership: Enjoy minimal management hassle as the tenant covers taxes, insurance, utilities, and maintenance. >>Tenant pays RE Taxes and Insurance in addition to all utilities and maintenance, directly to appropriate agencies. >>No deferred maintenance thanks to recent renovations and a tenant responsible for maintenance and their own remodel needs. >>Built-in Stability: Benefit from a 5-year lease, plus renewal options and annual rent increases, ensuring consistent income with long-term income growth and minimal management hassle. >>Minimal Vacancy Risk: The unique property design tailored for adult home care services minimizes vacancy risk and enhances tenant satisfaction. Home Care State Licenses are specific to property and are not easily transferable or moved hence the stability of tenant for a long easy Net income. >>Flexible Financing: We're open to discussing seller financing options with competitive rates and reasonable down payments, making this opportunity even more attractive.
- Listed by Jonathan Minerick • homecoin.com
Property Details for 722 Southeast Flint Street
Parking Features
Assigned, Carport
ZoningMR-14
ViewRiver, Trees Woods
Garage Spaces8.00
Parking Total8.00
Location
Listing Courtesy of homecoin.com
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LISTING UPDATED: 12/29/2023 01:24 PM
Property Details for 722 Southeast Flint Street
| Status | Active |
|---|---|
| MLS # | 23487145 |
| Days on Market | 157 |
| Taxes | $2,443 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1952 |
| Lot Size | - |
| County | Douglas County |
Location
Listing Courtesy of homecoin.com
Add your commute
Building Information for 722 Southeast Flint Street
Stories-Residences10Year Built1952Building Size-Lot Size-
Payment Calculator
$4,133 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,929
Property Taxes
$204
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 722 Southeast Flint Street
Summary
Location and General Information
- Country: US
- Directions: 726 SE Flint St, Roseburg OR 97470
- Road Surface: Paved
School Information
- Middle Or Junior School: Fremont
Parking
- Attached Garage: No
Taxes and HOA
- FIRPTA: No
- Tax Year: 2023
- Tax Deferral: No
- Tax Annual Amount: $2,442.99
- Parcel Number: R69912
- Tax Legal Description: TRACT M&B V169 P7, LESS PT SD, ACRES 0.24
Virtual Tour
- Video Virtual Tour 1 Y/N: No
- Video Virtual Tour 2 Y/N: No
Property
Lot Information
- Lot Description: Level
- Lot Size Range: Sq Ft10000to14999
- Lot Size: 10,000 to 14,999 Sq Ft
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Updated Remodeled
- Year Built: 1952
- Property Attached: No
Utilities
- Cooling Description: Wall Unit
- Fuel Description: Electricity
- Heating Description: Forced Air
- Sewer Description: Public Sewer
- Rent Includes: None
Green Features
- Green Certification: No
Interior and Exterior Features
Exterior Features
- Exterior Description: Stucco
Interior Features
- Foundation Details: Slab
- View Y/N: Yes
- Cooling: Yes
- Heating: Yes
Multi Family
Multi-Family Information
- Number Of Units Total: 10
- Gross Income Actual: $43,200.00
- Gross Rent Multiplier: $16.67
- Investor Information: Annual Property Operation Data, Leases, Maintenance Records Available, Utility Records Available
- Net Income Actual: $43,200.00
- Net Income Projected: 43200
- Operating Expenses Projected: $.00
- Operating Expense: $.00
- Security Features: Fire Escape, Security Lights, Sidewalk
- Storage: Deck, Locked
- Unit Type Type: Unit Type Type1, Unit Type Type2, Unit Type Type3, Unit Type Type4
- Common Amenities: Laundry
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Beds Total: 1
- Unit Type 1 Features: Air Conditioning, Dishwasher, Fireplace, Microwave
- Unit Type 1 Rent: $900
- Unit Type 1 SqFt: 650.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 1
- Unit Type 2 Beds Total: 1
- Unit Type 2 Rent: $900
- Unit Type 2 SqFt: 650.0
- Unit Type 2 Units Total: 2
Unit 3 Information
- Unit Type 3 Baths Total: 1
- Unit Type 3 Beds Total: 1
- Unit Type 3 Rent: $900
- Unit Type 3 SqFt: 650.0
- Unit Type 3 Units Total: 3
Unit 4 Information
- Unit Type 4 Baths Total: 1
- Unit Type 4 Beds Total: 1
- Unit Type 4 Rent: $900
- Unit Type 4 SqFt: 650
- Unit Type 4 UnitsTotal: 4
Property History for 722 Southeast Flint Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 722 Southeast Flint Street
Taxable ValueLand-Additions-Total-
Tax Record2023$2,443 ($204 / month)
Home Facts
Total Finished SqFt1,140 SqFtAbove Grade Finished SqFt1,140 SqFtLot Size10,454 SqFtStyleMulti-Family Dwelling (2-4)Year Built1952Year Renovated1965CountyDOUGLASAPN27-06W-24AD-04500Fireplace TypeHas Fireplace
Schools near 722 Southeast Flint Street
This home is within Douglas County School District 4.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Eastwood Elementary School PublicPK to 5 | ||
John C Fremont Middle School Public6 to 8 | ||
Roseburg High School Public9 to 12 | ||
Rose School Public9 to 12 |
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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Listing Courtesy of homecoin.com
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: 12/29/2023 01:24 PM
