MLS# 24090875 – 1802 3rd St, La Grande, OR 97850 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of High Country Realty Professionals.

Property Description

Description

4 Units

Status: Pending

Year Built: 1900

Days on Website: 61

**Owner lived in largest apartment at 1400 sq ft and has built a home next door, though not rented out yet, potentially additional $1300-$1400 per month for future owner. First time being sold in 34 years, Close to everything, this 4 plex is 2 blocks from downtown, 4 blocks from EOU, Hospital...you name it. This historic complex is quiet, with a great rental income, with outdoor space for tenants and privacy as well. There is versatility of uses, with the option of living in the main house and earning income off the detached 2 rentals, or profiting off of all 4 units. The basement area has a payed laundry area earning $1500 +- per year., and additional storage. Make an appointment today to see this gem of an investment opportunity.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

FullBasement

Building

Building Area Total:

3447

Built in 1900

Storage:

Basement

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

AllLandscaping,FrontYardLandscaping,Laundry

Expenses

Operating Expense Scheduled:

12119

Operating Expense:

$11,019

Exterior Features

Exterior Description:

MetalSiding,WoodSiding

Foundation

Foundation Details:

ConcretePerimeter,Other,StemWall

Heating

Heating Available

Heating:

Radiant,WallFurnace

Income

CAP Rate:

5.06

Gross Income:

$33,780

Gross Rent Multiplier:

13.32

Gross Scheduled Income:

$48,780

Net Operating Income:

$22,761

Net Scheduled Income:

36661

Listing

Contract Status Change Date:

2024-10-12

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-14 11:00:04

List Price:

$450,000

Listing Contract Date:

2024-09-23

Listing Id:

24090875

Mls Status:

Pending

Modification Timestamp:

2024-10-14 11:00:04

Off Market Date:

2024-10-12

On Market Date:

2024-09-23

Purchase Contract Date:

2024-10-12

Rent Includes:

Heat,Sewer,TrashCollection,Water

Standard Status:

Pending

Location

MLS Area Major:

_440

County Or Parish:

Union

Lot

Features:

CornerLot,Level,Trees

Size Acres:

0.12

Size Range:

SqFt5000to6999

Size Square Feet:

5,227

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,RentRecords,TaxReturnsAvailable,UtilityRecordsAvailable

Parking

Features:

Driveway,OnStreet

2 total parking spots

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Property Condition:

Restored

Property View

Zoning:

LG-R3

Roof

Roof:

Composition

Schools

High School:

La Grande

Middle Or Junior School:

La Grande

Elementary School:

Central

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,999

Legal Description

Tax Year:

2023

Unit One

Area:

1409

Features:

Dishwasher,Fireplace,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$1,200

Area:

700

Features:

Range,Refrigerator,Unfurnished

Units Total:

1 total bathroom

2 total bedroom

Unit Three

Actual Rent:

$825

Area:

504

Features:

Range,Refrigerator,Unfurnished

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$615

Area:

504

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Utilities

Fuel Description:

Electricity,Gas

Hot Water Description:

Gas,Tankless

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$450,000 -

1802 3rd St La Grande , OR 97850

MLS Area Major: _440

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 22, 2024 11:50PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.