287 W 5TH AVE, Junction City, OR 97448

Listing Courtesy of Walker Family Development Inc.

$1,400,000

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List Price
$1,400,000
MLS#
244936370
Status
ACTIVE
City
Junction City
Area
Lane Co: Junction City
County
Lane
Year Built
1905

Property Description

An exceptional opportunity to acquire a high-performing income property in the heart of downtown Junction City. This permitted triplex offers a unique investment model that maximizes rental income by leasing 12 individual bedrooms rather than the three units as traditional apartments. This is a rare, income-maximized, engine generating, nearly $8,700/month in gross rents. This concept not only helps maximize the property's income stream, but minimizes the vacancy loss as well if a tenant moves out, you still have 11 others still paying. This model is so effective and keeps occupancy so high because of housing affordability and the high demand of low-income renters in the Junction City area. Leasing individual bedrooms rather than whole units — producing gross revenues substantially above what traditional unit-by-unit rental would yield in this submarket. With Junction City positioned as an affordable alternative to Eugene's tightening rental market, demand for individual rooms is strong and growing. 100% Occupied — Day-One Cash Flow. Tenants pay all utilities. No lease-up risk. No vacancy stabilization period. A buyer steps into a fully tenanted, fully performing asset from closing day forward.

Additional Information

Acres
0.14
Water
Public Water
Elementary School
Laurel
Middle School
Oaklea
High School
Junction City

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