Investment Opportunity Available

[Aisha McDonough]

Hello,

I have a pocket listing in Eugene, Oregon. It is 2 homes on 1 tax lot in the Whittaker neighborhood. Owner is willing to do an owner carry at 5% with a balloon after 7 years with 20% down. The property is being sold for 750K. 

Front house is being restored and is beautiful, with original oak floors that have been redone. 2 story home, built in 1944 with a basement that is being refinished (high ceilings that you can stand up)  with an extra bedroom being added, bringing the total to 5 bedrooms, 2 bathrooms, 2800 sq ft. Home can rent for $3000. (Last renters rented the entire basement for $1000 a month)

Back house is in good condition, 3 bedrooms 1 bath. rent for $1200-1500.

Buyer of this property will have first right of refusal to buy the lot next door in 1 year, an additional tax lot with 2 homes on it currently valued at $550K.

Both of these properties (4 homes total) have been the sellers best preforming rentals, never a vacancy in 17 years. They have been well taken care of, have character and original vintage charm that fits in with the vibe of the neighborhood.

If you are interested in viewing the property please reach out to me. Serious inquiries only.

Thank you!