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Listed by Realty One Group At The Beach
$ 299,000
Est. payment /mo
Active
646 SE 8TH ST Toledo, OR 97391
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 670541462
Year Built 1938
Annual Tax Amount $1,721
Lot Size 4,791 Sqft
Property Description
Excellent Investment Opportunity – 10% Cap Rate! Don't miss this income-producing duplex in the heart of Toledo, offering an impressive 10% cap rate and excellent cash-flow potential. This well-maintained property features two separate units—one 2-bedroom, 1-bath and one 1-bedroom, 1-bath—making it an attractive option for investors seeking steady rental income. Situated on a generously sized lot, the property includes a large yard with a charming garden area with covered patio, providing outdoor space for tenants to enjoy. Conveniently located just minutes from downtown Toledo, shopping, restaurants, schools, and local amenities, this duplex offers both convenience and long-term rental appeal.Whether you're looking to add to your investment portfolio or begin building wealth through real estate, this property offers strong returns with plenty of upside. Schedule your showing today and discover the value of this exceptional investment opportunity! Both units currently occupied.
Location
State OR
County Lincoln
Area _200
Zoning R-G
Rooms
Basement None
Interior
Heating Baseboard
Cooling None
Exterior
Roof Type Composition
Garage No
Building
Lot Description Gentle Sloping
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 2
Schools
Elementary Schools Yaquina View
Middle Schools Toledo
High Schools Toledo
Others
Acceptable Financing Cash, Conventional, VALoan
Listing Terms Cash, Conventional, VALoan
Virtual Tour https://player.vimeo.com/video/1215910455?badge=0&autopause=0&player_id=0&app_id=58479
