MLS# 24193213 – 1708 Avalon Way, Hood River, OR 97031 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Summit Services LLC.

Property Description

Description

4 Units

Status: Pending

Year Built: 1999

Days on Website: 28

A great opportunity to own a well cared for pair of duplexes conveniently located in the heights. You can either enjoy the consistent cash flow coming in from the property, or harvest the upside by doing a condo conversion for a nice profit. (Buyer to do their own due diligence.) Just filled one unit at market rate at $2,200 per month and issued rent increases on the other three units. With rent increases the monthly gross income is $6,320 for the four units. Seller is doing a 1031 Exchange and Buyer is asked to cooperate at no cost to Buyer.Disclosure: Listing agent is related to Sellers.

Property Details and Features

Property Access

Road Surface Type:

Paved

Building

Building Area Total:

5120

Built in 1999

Storage:

Garage

Stories:

Unit Type Type:

UnitTypeType1

Expenses

Operating Expense Scheduled:

30223

Operating Expense:

$18,175

Exterior Features

Exterior Description:

CementSiding

Garage

Garage Spaces:

Heating

Heating:

WallHeater

Income

CAP Rate:

4.61

Gross Income:

$75,840

Gross Rent Multiplier:

16.48

Gross Scheduled Income:

$105,600

Net Operating Income:

$57,665

Net Scheduled Income:

75377

Listing

Contract Status Change Date:

2024-10-26

Cumulative Days On Market:

Days On Market:

Last Transaction Date:

2024-10-26 13:53:04

List Price:

$1,250,000

Listing Contract Date:

2024-10-23

Listing Id:

24193213

Mls Status:

Pending

Modification Timestamp:

2024-10-26 13:53:04

Off Market Date:

2024-10-26

On Market Date:

2024-10-23

Purchase Contract Date:

2024-10-26

Rent Includes:

Sewer,Water

Standard Status:

Pending

Location

MLS Area Major:

_362

County Or Parish:

HoodRiver

Lot

Size Acres:

0.3

Size Range:

SqFt10000to14999

Size Square Feet:

13,068

Size:

10,000 to 14,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Garage

Possession

Possession:

CloseOfEscrow

Property

Number Of Units Total:

Zoning:

UR3

Roof

Roof:

Composition

Schools

High School:

Hood River Vall

Middle Or Junior School:

Hood River

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$8,623

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$2,200

Area:

1280

Features:

Dishwasher,Disposal,Range,Refrigerator

Units Total:

2 total bathrooms

3 total bedroom

Utilities

Fuel Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$1,250,000 -

1708 Avalon Way Hood River , OR 97031

MLS Area Major: _362

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on November 21, 2024 12:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.