600 4th, Gervais, OR, 97026

About This Home

Seller will carry a contract on this for 20yrs with a 2M down payment @ 5.5% 20yr amortization and deferred payments for a year.? Brand new 8 apartments and 4-8 retail/business offices in downtown Gervais.? 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 new 8 apartments and 4-8 retail/business offices (tenant improvements to be done by the leasee, leaseor can partly fund tenant improements if chooses) in downtown Gervais. Luxury Apartments are 952 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite 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 3,376 sq-ft to 1,688 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. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and always 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 250k. Super easy access to I-5 in Woodburn, which is in the middle between Portland and Salem. Don't let this phenomenal opportunity pass this up.