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600 4TH ST, Gervais, OR 97026
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$3,500,000
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Home Details for 600 4TH ST
Price
$3,500,000
Type
Multi Family
Bedrooms
2
Total Bathrooms
2
Year Build
2025
Lot Size
0.46
County
Marion
Basement
None
Tax
$520.9
MLS®️ Listing#
594412183
On exitrealty.com
175 days
Property Description
This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, quartz countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass you by. I would do this if my wonderful wife would let me!
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- Parking
- Assigned
- Paved
- Cooling Information
- Wall Unit(s)
- Heating Information
- None
- Water Features
- Public
- Basement
- None
School Information
School Information for 600 4TH ST
Elementary School
Gervais
Middle School
Gervais
High School
Gervais
Listing Courtesy: Premiere Property Group, LLC - 503-670-9000. Presented by: Patrick Ledbetter
Last Updated: 2025-06-04 23:45:46
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Market statistics compiled from data from RMLS Oregon.
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EXIT REALTY BEND
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$3,500,000
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EXIT REALTY BEND
805 SW Industrial Way, Suite 4, Bend, OR 97702