MLS# 22030352 – 503 Sw 7th St, Pendleton, OR 97801 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Coldwell Banker Farley Company.

Property Description

Description

3 Units

Status: Active

Year Built: 1900

Neighborhood: Reservation Addition

Days on Website: 565

Live in property and still let your money make money for you! Steady occupancy/income. Live in one unit, rent the rest. Dbl. circuit energy efficient heat & cool in all units. New roof in 2021, Main house rents $900. with new gas furnace 2019 and all new Dbl. pane vinyl window with exception of DR. Upstairs efficiency $275 has been totally remodeled with all new insulation, wiring and drywall. Back efficiency apt $450. remodeled in 2018 with new insulation, HVAC, and 2 new windows. Back unit is stick built, with new roof, ceiling, drywall and bathroom plumbing, fresh paint. Seller pays $200. water/sewer and $60. garbage per month. Good Investment property.

Property Details and Features

Unit One

1 total bathroom

3 total bedroom

Actual Rent:

$800

Area:

1095

Features:

AirConditioning,Dishwasher,Range,Refrigerator

Units Total:

Property Access

Road Surface Type:

Gravel

Basement

Basement:

StorageSpace

Building

Building Area Total:

1969

Built in 1900

Storage:

Basement

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3

Cooling

Cooling:

Other

Expenses

Operating Expense Scheduled:

260

Operating Expense:

$260

Exterior Features

Exterior Description:

ShingleSiding

Foundation

Foundation Details:

Other

Water Features

Waterfront Features:

Seasonal

Waterfront Property

Heating

Heating Available

Heating:

Ductless

Income

CAP Rate:

6.62

Gross Income:

$16,020

Gross Rent Multiplier:

12.17

Gross Scheduled Income:

$18,220

Net Operating Income:

$12,900

Net Scheduled Income:

135100

Listing

Contract Status Change Date:

2022-10-13

Days On Market:

564

Last Transaction Date:

2024-03-25 16:30:59

List Price:

$195,000

Listing Contract Date:

2022-10-13

Listing Id:

22030352

Mls Status:

Active

Modification Timestamp:

2024-03-25 16:30:59

On Market Date:

2022-10-13

Rent Includes:

Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_435

Subdivision Name:

Reservation Addition

County Or Parish:

Umatilla

Lot

Features:

Level,Trees

Size Range:

SqFt5000to6999

Size:

5,000 to 6,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner

Parking

Features:

Open,RVAccessParking

4 total parking spots

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Restored

Property View

Zoning:

Roof

Roof:

Composition

Schools

High School:

Pendleton

Middle Or Junior School:

Sunridge

Elementary School:

Sherwood Hts

Security Features

Features:

Sidewalk

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$1,241

Legal Description

Tax Year:

2022

Unit Two

Actual Rent:

$275

Area:

524

Features:

AirConditioning,Range,Refrigerator,Storage

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$400

Area:

350

Features:

AirConditioning,Range,Refrigerator,WasherDryerHookup

Units Total:

1 total bathroom

1 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

$195,000 -

503 Sw 7th St Pendleton , OR 97801

MLS Area Major: _435

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 30, 2024 4:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.