35460 S. Ellis road Forest Haven (Molalla, Oregon, US - 97038) Built

$1,665,000 USD
17 rental lots in Subdivision for sale

Firefly Real Estate

Firefly Real Estate Firefly Real Estate 503-829-8328 (Office) Request More Info

  • Rental Income here!
  • Type: Multifamily
  • Style: Manufactured Home
  • Development Level: Built
  • Lot Type: Irregular
  • Taxes: $11,757.00 USD (2018)

Description

The beauty of buying lots in a subdivision, they have an active HOA and you know the value of your real estate is always growing....


Simply put....17 of the 80 existing lots in this subdivision are currently owned by the same seller who wants to retire their ownership.

Excellent rental income with Long term tenants (some at 20+/- years) AND If you tire of having tenants, you can simply sell the lots individually.

All are individual and legal lots of record. Fully Surveyed and non contiguous. All have full services. All have level topography. Many have views. Most are 6,000 square foot lots, some are much larger measuring nearly a quarter acre in size.

Rents have not increased in many, many years. There appears to be no barriers to increasing rents.

Set in a nearly isolated rural and wooded setting, these lots are highly desirable and sought after.

Buy the whole 17 parcel collection. Currently offered for sale for one price.

A full set of individual maps and dimensions can be found at https://issuu.com/famis/docs/for_booklet?e=11075613/65380830 .

You will see this is both well designed and accurate.

Please do not disturb tenants. Please do not walk on lots. You may walk or drive the neighborhood and view from the street.

Please notice: 14 of the 17 homes currently situated on these lots are owned by the lot tenants. These homes can be moved with notice to the tenant. Three of the homes go with the lots and are included in the sale. All tenants are on a month to month agreement.

Water and Sewer and HOA fee currently $77./month/lot.

The pendulum has swung.... buy something that will continue to provide income.

The trend has become to buy low maintenance rental income with future development/single resale income. Here it is! This is essentially a plug and play operation.

Buy now, develop later or buy now, develop now.

Also for sale in this subdivision by these same sellers is: RMLS# 18494661 This is an additional 15+/- acres for an additional $350.000.

You know what you are looking for, and this is it! Ready, passive income with development opportunities to make more income.

Call for your private viewing, or feel free to drive/walk the neighborhood.

Attachments

Brokered and Advertised by : Firefly Real Estate
Listing Agent: Aimee Davis 503-829-8328
P2#296012097
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Information is deemed to be correct but not guaranteed.