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Listed by Eagle Cap Realty, Inc
$507,000
Est. payment /mo
Active
911 DIVISION AVE La Grande, OR 97850
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 708302880
Year Built 1980
Annual Tax Amount $3,575
Property Description
Bottom half is owner-occupied. The estimated rent for downstairs is $ 1600-$ 1800 a month. With a door separating the two levels, the upstairs unit is currently rented out for $1,550 a month and has remained unchanged for four years. Assuming the current rent and projected downstairs rent ($1,700), the estimated cap rate is 5.85%. Right across the street from Benton Park sits a two-story home with options! Currently serving as a duplex, this home could be your next investment property or function as an excellent space to accommodate a large family comfortably. The recent remodels include the following: a new fence (100% owned), landscaping, a new roof, and complete bathroom remodels, all completed within the last two years. Less than a year ago, the countertops in the upstairs and downstairs kitchens were replaced, new floors were installed in the upstairs kitchen, the epoxy floors downstairs were finished, and the exterior paint was refreshed. Finally, this property includes a functioning well to irrigate the lawn. All of this and more!
Location
State OR
County Union
Area _440
Zoning R2
Interior
Heating Forced Air
Exterior
Garage Spaces 2.0
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water, Well
Level or Stories 2
Schools
Elementary Schools Greenwood
Middle Schools La Grande
High Schools La Grande
Others
Acceptable Financing Cash, Conventional, FHA, USDALoan, VALoan
Listing Terms Cash, Conventional, FHA, USDALoan, VALoan
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