Wholesale FSBO Owner Financed

SOLD ---EXCEPTIONAL CUSTOM DESIGN LOG HOME WITH MULTI USE POTENTIAL

NW Willamina Dr, Willamina, OR 97396

$1,211,335 After Repair Value -
$799,000 Asking Price -
$50,000 Cost of Repairs =
$362,335 Potential Profit

Property Details

Asking Price $799,000

After Repair Value $1,211,335

Costs of Repairs $50,000

Potential Profit $362,335

Living Area 6,600 ft2

Property Type Land

Bedrooms +6

Bathrooms +6

Half Bathrooms N/A

Parking 3

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $84,000

Yearly Expenses $2,500

Property Taxes $5,299

Net Operating Income $74,000

Cap Rate 9-10%

Property Description

6,600 SQUARE FEET OVER 3 LEVELS. 7 BEDROOMS, 6.5 BATHROOMS, PROPERTY TAXES YEAR 2020/21 ARE $5,299 , YAMHILL COUNTY, OREGON, APPRAISER\'S MARKET VALUE AT 1.2 MIO SELL FOR $799,000 FOR QUICK CLOSING. HOME HAS TRAVERTIN, MARBLE, SLATE, CERAMIC TILES, WOOD. NO CARPETING. SOME DEFERRED MAINTENANCE: EXTERIOR CHINKING AND RESEALING OF LOGS, INTERIOR REFINISHING ON LOG WALLS AND WOOD FLOORS.OPEN TO CREATIVE FINANCING, BUT MINIMUM DOWN PAYMENT $200,000 AND MONTHLY PAYMENTS OF $5,000 PLUS INSURANCE AND PROPERTY TAXES. CASH OFFERS PREFERRED. COULD BE USED AS A CORPORATE RETREAT, B&B, MULTI GENERATION OR MULTI FAMILY HOME, NURSING HOME ETC. PENDING ON USE, IT GENERATE ENOUGH INCOME TO PAID OFF IN ONE SINGLE YEAR.

Repairs Needed

EXTERIOR CHINKING OF LOGS, RESEALING OF LOGS, INTERIOR REFINISHING OF LOG WALLS AND SOME PART OF THE WOOD FLOORS.

CONTACT LISTING OWNER

Michael Drazkowski

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