1408 WASHINGTON AVE, La Grande, OR 97850

$475,000
List Price
$475,000
Days on Market
10
MLS#
22137006
Property Type
Multifamily
Lot Size
3, 000 to 4, 999 SqFt
Region
Union County
Status
Active

Property Description

Apartment building in good condition, 7 units, pencils well, character preserved while improvements have been made, near downtown La Grande in easy walking distance to EOU. Each apartment has an individual floor plan; 2 studio apts, 3 one bedroom apts, 2 two bedroom apts, gas wall heaters, ranges & refrigerators included. Two apartments are in process of remodeling. Large basement is great storage or remodel it for an 8th apartment. Good "live in & rent out" investment opportunity.

Additional Information

Tax Amount
$2,378
Year Built
1910
High School
La Grande
Middle School
La Grande
Stories
3
Terms
Cash, Conventional
Fuel Description
Gas
Heating Description
Wall Furnace
Hot Water Description
Gas
Exterior Description
Stucco
Roof Type
Composition
Sewer Description
Public Sewer
Water Description
Public Water
View
City, Mountain(s)
Sq Ft Approximate Building Total
5921
Capitalization Rate
3.97
Operating Expenses Actual
17849
Gross Income Actual
36707
Gross Rent Multiplier
12.94
Net Income Actual
18858
Occupancy Types
Month To Month
Road Surface
Paved
Number Of Units Total
7
Unit Type One Baths Total
1
Unit Type One Rent
450
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Rent
500
Unit Type Two Units Total
2
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
700
Unit Type Three Units Total
3
Unit Type Four Baths Total
1
Unit Type Four Rent
450
Unit Type Four Units Total
4
Unit Type Five Baths Total
1
Unit Type Five Beds Total
2
Unit Type Five Rent
550
Unit Type Five Units Total
5

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Valley Realty.

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