730 Flint St Roseburg, OR 97470

Property Details for 730 Flint St

Year built

1952

Lot size

0.83 lot acres

Property size

4,975 SF

Property type

Residential income homes

APN

R119810; R69912

Description

This exceptional Roseburg investment opportunity presents a six-unit multifamily property situated on a serene riverfront location. The property comprises three buildings totaling 4,975 square feet on a 0.83-acre lot, with a permitted MR14 zoning designation. Built in 1952 and extensively renovated in 2023, the property boasts minimal vacancy risk due to long-term, reputable tenants under stable net-net leases. The buildings offer a flexible layout: two buildings each contain two one-bedroom, one-bathroom units (easily convertible to three-bedroom, two-bathroom units), and a third building features a combined four-bedroom, two-bathroom unit and a separate one-bedroom, one-bathroom unit. A dedicated laundry facility is also included. All units are individually metered, contributing to low operating costs. The property generates a strong net operating income (NOI) of $71,915 annually, representing a 7.23% capitalization rate. The asking price is $995,000, or $165,833.33 per unit, and $200 per square foot. The property's location and the current tenant's specialized business (adult home care) contribute to its exceptional stability and long-term income potential. This is a rare opportunity to acquire a low-maintenance, high-return multifamily investment with significant upside potential in a desirable riverfront setting. The property's APN is R119810; R69912.