963 STEVENS RD

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963 STEVENS RD

EAGLE POINT, OR 97524-6514
Asking Price
$950K
Asset Type
Mixed-use
Class
Class B

What's Special

Rare opportunity -- 4.39 acres of open pastoral land within the Eagle Point Urban Growth Boundary. <ul><li>​<span style="color: rgba(0, 0, 0, 1)">4.39 acres of open pastoral land within the Eagle Point Urban Growth Boundary. </span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Strong candidate for rezoning from RR-5 to R-2, potentially allowing approximately 31 residential home sites. </span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Wide, sweeping views.</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">2 miles from the Golf Club at Eagle Point Golf Course. </span></li><li>​<span

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NOI
$80,000
Cap Rate
8.42%
DSCR
1.42
Strong
Cash-on-Cash
8.28%
Monthly Payment
$4,700.082
Annual Cash Flow
$23,599.02

Location & Travel Times