This is an amazing investment opportunity!! 18 fully rented units with a long standing and solid rental history. These units are separated into four structures on a .42 acre corner lot. The neighborhood is quiet and the units all show pride of ownership. The history of this parcel is that it used to be a hotel and then was converted into studio units and or 1 bedroom units. Some of these units have kitchenettes with a stove and some do not. These units are available to be shown to prequalified buyers once an offer has been accepted so as to not disturb the tenants. You may drive by and view the exterior at any time, just do not disturb the tenants. If you're looking to do a 1031 exchange or looking to expand your portfolio with a 5.58% cap rate then do not pass this property by! It's truly amazing and has been very well cared for.

Information

Price: $1,200,000

Days On Market: 260

Year Build: 1946

Square Footage: 4,660 Sq ft

MLS ID: 98955382

Status: Active

Nearby Schools

OntarioElementary School

Ontario Jr HighMiddle School

OntarioHigh School

Details

Address: 124 4th Ave.

County: Malheur

City: Ontario

Neighborhood: wilsons supplem

Zip: 97914-0000

State: Oregon

Taxes

Property Taxes: $3,117

Tax Year: 2024

Tax Amount: $3,117

Location

Listed By

Listing Agent

Kellie Robinson

truenorthkellie@gmail.com

True North Real Estate Group, LLC

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