MLS# 24587254 – 415 Sw 7th St, Pendleton, OR 97801 – John Wesley McPherson, Jr., The Portland Team with Premiere Property Group, LLC

Listing courtesy of Urban Nest Realty.

Property Description

Description

4 Units

Status: Active

Year Built: 1910

Days on Website: 77

Investors delight! Fully rented, 4 plex in a prime downtown Pendleton location walkable to the Roundup! Fully renovated and remodeled with completed permits in hand. All four units outfitted with new minisplit HVAC units.Top unit offers 3 sizeable bedrooms with a large living space and an eat-in kitchen. The outside deck offers space to enjoy those cool summer days. Mainfloor is split into two units. The front unit offers two similarly sized bedrooms, separated by a large kitchen. The back unit enters into a comfortable living room with an efficient kitchen with two doors, one leading to the bath and one to the bedroom. Lower floor unit lives large with a welcoming living room space and a big kitchen. The three bedrooms sit quietly down the hall with the bathroom conveniently located between them. Coin-op laundry on site, 2 washers and 2 dryers.

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

ExteriorEntry,Finished,FullBasement

Building

Building Area Total:

3649

Built in 1910

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

AllLandscaping,Laundry

Cooling

Cooling Equipped

Cooling:

MiniSplit

Expenses

Operating Expense Scheduled:

15750

Operating Expense:

$15,144

Exterior Features

Exterior Description:

Cedar,ShingleSiding

Foundation

Foundation Details:

ConcretePerimeter

Heating

Heating:

WallHeater

Income

CAP Rate:

6.69

Gross Income:

$60,600

Gross Rent Multiplier:

11.2

Gross Scheduled Income:

$63,630

Net Operating Income:

$45,456

Net Scheduled Income:

47880

Listing

Contract Status Change Date:

2024-09-05

Days On Market:

Last Transaction Date:

2024-09-05 10:08:48

List Price:

$679,000

Listing Contract Date:

2024-09-05

Listing Id:

24587254

Mls Status:

Active

Modification Timestamp:

2024-09-05 10:08:48

On Market Date:

2024-09-05

Rent Includes:

Electricity,Heat,MaintenanceGrounds,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_435

County Or Parish:

Umatilla

Lot

Features:

Level,PublicRoad

Size Acres:

0.11

Size Dimensions:

4,973

Size Range:

SqFt3000to4999

Size Square Feet:

4,791

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,AnnualPropertyOperationData,Leases

Parking

Features:

Assigned

4 total parking spots

Property

Number Of Units Total:

Property Condition:

UpdatedRemodeled

Zoning:

M-1

Roof

Roof:

Metal

Schools

High School:

Pendleton

Middle Or Junior School:

Sunridge

Security Features

Features:

SecurityLights,SecuritySystemLeased

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,669

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$1,250

Area:

1000

Features:

AirConditioning,Deck,Range,Refrigerator

Units Total:

1 total bathroom

3 total bedroom

Unit Two

Actual Rent:

$800

Area:

450

Features:

AirConditioning,Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$1,175

Area:

879

Features:

AirConditioning,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Four

Actual Rent:

$1,525

Area:

1320

Features:

AirConditioning,Range,Refrigerator

Units Total:

1 total bathroom

3 total bedroom

Utilities

Fuel Description:

Electricity

Hot Water Description:

Electricity

Water Source:

PublicWater

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Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$679,000 -

415 Sw 7th St Pendleton , OR 97801

MLS Area Major: _435

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.