Water Views - New Construction
Address
37731 Roll Tide CT, Lebanon, OR
Price
$ 2,891,000
Property Attributes
  • ID#23451091
  • TypeMulti-Family
  • CountyLINN
  • CityLebanon
  • Area221
  • NeighborhoodRIVER TRAIL PLACE
  • Zip97355
  • Style
  • Year Built2024
  • Taxes$ 4602
  • Price$ 2,891,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage13144
  • Lot Size0.88 Acres
Data Source:
Regional Multiple Listing Service (RMLSOR)
Property Description

New construction investment opportunity with rents of $18k monthly. 4 duplexes give you eight 3 bed, 2.5 bath townhomes. Located in a highly desirable neighborhood, just off River Drive between the Santiam River and Cheadle Lake Park, provides easy access to the North Shore Trail and a walking trail that leads to the South Santiam via Riverview Park. Close to dining, shopping, and Highway 20. Proximity to a medical school and Western Oregon University, ensuring strong return on investment. With the high demand for housing in this growing town, this investment is a no-brainer, an impressive 5.73% cap rate.

Elementary School Middle School High School
Riverview Elementary School Seven Oak Middle School Lebanon High School
Price History
11/10/2023 Listed $3,409,000
2/16/2024 16% - $2,891,000

General Features

Sewer PublicSewer
Heating ForcedAir95Plus
Cooling AirConditioningReady,Other
Roof Composition
Zoning RM
Garage Spaces 9.0
Year Built 2024
Stories 2
Tax Year 2023
Gross Income 213120.0
Waterfront Features Creek
County Linn
Net Operating Income 166700.0
Operating Expense 46420.0
Property Type MultiFamily
Subdivision Name RIVER TRAIL PLACE
Rent Includes None
Status Active
Directions From S Santiam Hwy 20,head E on Russel Dr.,straight on to River Dr.,on left after 0.6 miles
High School Lebanon
City Lebanon
NumberOfUnitsTotal 8
MLS Area _221
Lot Size Square Feet 38332.0
Listing Terms Cash,Conventional
Elementary School Riverview
Tax Annual Amount 4602.0
Middle/Junior High School Seven Oak
Property Condition UnderConstruction
Days on Market 219
Standard Status Active
ViewDescription CreekStream,Lake,Territorial
Legal Description 12S02W14DD

Interior Features

Basement None
Hot Water Gas
UnitType1ActualRent 2295
Unit 1 Baths Total 3
Unit 1 Beds Total 3
UnitType1Features Dishwasher,Microwave,Range,WasherDryerHookup
UnitType1UnitsTotal 6
UnitType2ActualRent 1995
Unit 2 Baths Total 3
Unit 2 Beds Total 3
UnitType2Features Dishwasher,Microwave,Range,WasherDryerHookup
UnitType2UnitsTotal 2
FuelDescription Gas
Unit Type UnitTypeType1,UnitTypeType2

Exterior Features

Parking Features Driveway,Garage
Lot Features Cul_de_sac,GentleSloping,Level
Water Source PublicWater
Total Parking 16.0
Exterior Description CementSiding,LapSiding
Foundation Details ConcretePerimeter
Building Area Total 13144.0
Lot Size Acres 0.88
Road Surface Type Concrete,Paved

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 97355

Price
AVG $830K
$2.89M
Taxes
AVG $3,728
$4,602
Visits
AVG 77
170
Data Provided by Inside Real Estate®
Year Built
AVG 1977
2024

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