$100,000
$125,000
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138 Kerby AVE Cave Junction, OR 97523
1,384 SqFt
Key Details
Sold Price $100,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,384 sqft
Price per Sqft $72
Subdivision Palmer Subdivision, Cave Junction
MLS Listing ID 220189782
Sold Date 11/20/24
Style Other
Year Built 1971
Annual Tax Amount $589
Lot Size 10,018 Sqft
Acres 0.23
Lot Dimensions 0.23
Property Description
Attention Investors!! Looking for a way to get into real estate investing with a property that has positive cash flow, happy tenants and low expenses? Or a replacement property for your 1031 funds? Look no further! This income earning property has two mobile homes with long time renters. Unit A is a two bedroom, one bath, 576 SqFt single wide mobile home that rents for $850 a month. Unit B is a three bedroom, two bath mobile home that rents for $1025. This investment property has a net operating income of over $17,000 a year with a cap rate of over 13%. Owner Carry Options available! Don't let this opportunity pass you by! Call today for more details!
Location
State OR
County Josephine
Community Palmer Subdivision, Cave Junction
Direction Take 199 to right onE River St, Left on S Kerby.
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Exterior
Garage No Garage
Roof Type Metal
Building
Lot Description Level
Entry Level One
Foundation Pillar/Post/Pier
Water Public
Architectural Style Other
Structure Type Manufactured House
New Construction No
Schools
High Schools Illinois Valley High
Others
Senior Community No
Tax ID R329933
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Owner Will Carry
Listing Terms Cash, Owner Will Carry
Special Listing Condition Standard
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