Description
Multi-use investment property located on HWY 20/Main St. in Philomath. The property consists of 5 buildings and a storage container. Leased spaces: 2 residential apartments, 3 retail/office spaces, 2 units in metal shop/building, and a small storage shed. This owner managed property has generated fantastic income with $53,793 in 2022. 7.23% Cap Rate on 2022 Actuals. Pro-forma at 7.81% Cap Rate. ODOT funded HWY 20 project underway to revitalize Main St.
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01/2 BATHS
School Ratings & Info
Description
Multi-use investment property located on HWY 20/Main St. in Philomath. The property consists of 5 buildings and a storage container. Leased spaces: 2 residential apartments, 3 retail/office spaces, 2 units in metal shop/building, and a small storage shed. This owner managed property has generated fantastic income with $53,793 in 2022. 7.23% Cap Rate on 2022 Actuals. Pro-forma at 7.81% Cap Rate. ODOT funded HWY 20 project underway to revitalize Main St.
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