Oregon Real Estate Investors Association


485 & 507 Harrison St., Lebanon, OR 97355

Property Status: Available (Wholesale) | For Sale: $590,000.00

3 Bedrooms / 1 Baths / Single Family

Property Photos

*OFF Market Self Storage Facilities + Rental House - Lebanon* | Price: $590k | Repairs: $41k | ARV $997k | 9%+ Cap Rate

Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $590,000.00
Property Details:
3 Bedrooms / 1 Baths / Single Family
Property Style:
Year Built:
Finished Sq Ft:
No Basement
Owner / Agent:
Property Features:
No Property Features Listed.
Contact Info
Check Out This 83 Storage Units & Rental House! Excellent Investment Opportunity SALE PRICE: $590,000 @ 9.14 Cap Rate REPAIRS: $41,000 ARV: $997,000 @ 6% Cap Rate House BEDS: 3 BATH: 1 Sq Ft: 1,044 Year Built: 1981 Buildings Lot 1: .35 Acres Sq Ft: 5,560 Year Built: 1978 Lot 2: .24 Acres Sq Ft: 3,146 Year Built: 1981 IMPORTANT DATES: Walk Through: Sat July 13th 2pm-3pm Offers Due: Mon July 15th by 5:00pm Closing Date: Wed July 31st by 5:00pm Photos https://drive.google.com/drive/folders/1PrFBe27C0hkbA2B3yFIcehJHHzFzb3lB Docs https://drive.google.com/drive/folders/1u8Vm-DTXjYzZ76RIGfnyVOKfUecA1BAQ Projected Financials (especially open cash flow analyzer spreadsheet!) https://drive.google.com/drive/folders/1axt0EX0nspSOjV1IeJEzSjm0tbAa8G3u Amazing opportunity to own 83 Storage Units and a Rental house-each on their own tax lot! Lots of cash flow! Huge opportunity to increase rents on storage units and add additional storage units on each lot also! Increasing rents boosts the cap rate to 10.15%!! Lot 1 - (All storage units) .35 acre lot Lot 2 - (Rental house + storage units) 3/1, 1044 sq ft. completely redone (New windows, siding, doors, flooring, roof, cabinets, appliances, paint, and new everything in bathroom.) Rents for $1295/month Currently vacant – used to be the managers unit, but could be rented out to someone else .24 acre lot Year built 1981 REPAIR ESTIMATE: For storage units(not house) – see bid in docs Roof - 485 Harrison New electronic entrance gate & fence – 485 & 507 Harrison Siding – 485 Harrison Paint - 485 & 507 Harrison New doors - 485 Harrison mainly Snow seal or roll on white seal on roof – 507 Harrison TOTAL: $41,000 Buyer to do due diligence

Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Oregon Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

Oregon Real Estate Investors Association

1430 Willamette Street #103
Eugene, OR 97401
(541) 393-2508

Proud Member of National REIC

Follow Us

Privacy and Security Policies

Your email will never be shared or sold to other members, vendors or any other third party without your consent.


www.ORREIA.net  (Oregon Real Estate Investors Association) does not give legal, tax, economic, or investment advice. OR REIA disclaims all liability for the action or inaction taken or not taken as a result of communications from or to its members, officers, directors, employees and contractors. Each person should consult their own counsel, accountant and other advisors as to legal, tax, economic, investment, and related matters concerning Real Estate and other investments.   Poster may be selling their equitable interest in said property(s).

Copyright 2019 © Oregon Real Estate Investors Association  All rights reserved.

This REIA Website is powered by: Real Estate Promo.