Homes for sale - 305 NW 8th Ave, Ontario, OR 97914

Additional details

Colby Lampman

colby@homesofidaho.com +1(208) 442-1530

Listed by Jared Stasch • Keller Williams Four Rivers, LLC

$2,150,000

Est. payment - /mo

13,420 SqFt

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 13,420 sqft

Price per Sqft $160

Subdivision 0 Not Applic.

MLS Listing ID 98921892

HOA Y/N No

Year Built 1970

Annual Tax Amount $7,539

Tax Year 2023

Property Sub-Type Apartment

Source IMLS 2

Property Description

7% cap rate on current rents and rents are still being raised to market. Almost the entire property was renovated in 2022 through 2023. Unit mix consists of 18 units with one bath per unit: 2 Studio units; 4 one bed units; 12 two bed units. New landscaping was added in 2022 with automatic irrigation and sprinklers. A new roof membrane was installed by Lassiter roofing in 2022. The exterior was painted in 2022. 90% of the windows were replaced in 2022. Laundry room was updated and includes two washers and two dryers. A fence was added on the west and North side of the property in 2022. Lots of room to keep raising rents over the next couple of years as Ontario is very tight in the housing market and there are very few rentals available in the area. The property is managed by Century 21. Listing broker is related to the seller.

Location

State OR

County Malheur

Area Ontario - 1600

Direction S on North Oregon ST., West about two blocks on NW 8th St.

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace No

Appliance Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)

Laundry Washer/Dryer Hookups (No Units)

Exterior

Fence Wood

Community Features 5+ Units

Utilities Available Sewer Connected

Roof Type Other

Total Parking Spaces 24

Building

Lot Description 10000SF - .49

Faces S on North Oregon ST., West about two blocks on NW 8th St.

Foundation Crawl Space

Water City Service

Structure Type Concrete,Vinyl Siding

New Construction No

Schools

Elementary Schools Ontario

High Schools Ontario

School District Ontario School District 8C

Others

Tax ID 18S4703BB

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Colby Lampman

+1(208) 442-1530

Broker | License ID: DB30961

Broker License ID: DB30961

305 NW 8th Ave Ontario, OR 97914

Colby Lampman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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