Bought with Living Room Realty
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1484 Falcon LOOP Independence, OR 97351
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Key Details
Sold Price $495,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,453 sqft
Price per Sqft $201
MLS Listing ID 21425077
Sold Date 12/29/21
Year Built 2004
Annual Tax Amount $4,837
Tax Year 2020
Property Description
Well managed duplex with great location near Western Oregon University. 4 bedroom and 2 1/2 baths per unit. Do not disturb tenants. Interior inspection available after written offer. Rents are below market. Current CAP rate of 4.3. Increasing rents to current market would create an estimated CAP rate of 5.3.
Location
State OR
County Polk
Area _167
Zoning RH
Rooms
Basement Crawl Space
Interior
Heating Forced Air
Exterior
Roof Type Composition
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Middle Schools Talmadge
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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