MLS# 24027904 – 119 Sw Emigrant Ave, Pendleton, OR 97801 – John Wesley McPherson, Jr., The Portland Team

Listing courtesy of Keller Williams PDX Central.

Property Description

Description

4 Units

Status: Active

Year Built: 1905

Days on Website: 64

Introducing a prime investment opportunity! This apartment complex includes a triplex and a standalone house, offering versatility and potential for increased returns. Whether you're looking to expand your portfolio or seeking a place to live while renting out the rest for passive income, this property fits the bill. With property management already in place, the transition and ongoing management couldn't be easier. Don't miss out on this chance to make a savvy investment move!

Property Details and Features

Property Access

Road Surface Type:

Paved

Basement

Basement:

PartialBasement,Unfinished

Building

Building Area Total:

2692

Built in 1905

Storage:

None

Stories:

Unit Type Type:

UnitTypeType1,UnitTypeType2,UnitTypeType3,UnitTypeType4

Community

Community Features:

Laundry

Cooling

Cooling:

None

Expenses

Operating Expense Scheduled:

8144

Operating Expense:

$8,573

Exterior Features

Exterior Description:

Block,CementSiding

Foundation

Foundation Details:

Block

Heating

Heating Available

Heating:

WallFurnace

Income

CAP Rate:

6.48

Gross Income:

$34,508

Gross Rent Multiplier:

11.59

Gross Scheduled Income:

$32,340

Net Operating Income:

$25,935

Net Scheduled Income:

24196

Listing

Contract Status Change Date:

2024-02-26

Days On Market:

Last Transaction Date:

2024-04-29 17:48:45

List Price:

$400,000

Listing Contract Date:

2024-02-26

Listing Id:

24027904

Mls Status:

Active

Modification Timestamp:

2024-04-29 17:48:45

On Market Date:

2024-02-26

Rent Includes:

Electricity,Sewer,TrashCollection,Water

Standard Status:

Active

Location

MLS Area Major:

_435

County Or Parish:

Umatilla

Lot

Features:

Level

Size Acres:

0.08

Size Range:

SqFt3000to4999

Size Square Feet:

3,484

Size:

3,000 to 4,999 SqFt

Miscellaneous

Investor Information:

AccordingToOwner,ProfitLossStatement

Parking

Features:

Assigned

1 total parking spot

Possession

Possession:

SubjectToTenantRights

Property

Number Of Units Total:

Property Condition:

Converted

Zoning:

Roof

Roof:

Composition

Schools

High School:

Pendleton

Middle Or Junior School:

Sunridge

Elementary School:

Washington

Security Features

Features:

None

Sewer

Sewer:

PublicSewer

Taxes

Annual Amount:

$2,080

Legal Description

Tax Year:

2023

Unit One

Actual Rent:

$650

Area:

727

Features:

Dishwasher,Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Unit Two

Actual Rent:

$500

Area:

388

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Three

Actual Rent:

$700

Area:

538

Features:

Range,Refrigerator

Units Total:

1 total bathroom

1 total bedroom

Unit Four

Actual Rent:

$850

Area:

548

Features:

Range,Refrigerator

Units Total:

1 total bathroom

2 total bedroom

Utilities

Fuel Description:

Gas

Hot Water Description:

Electricity

Water Source:

PublicWater

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$400,000 - Br/Ba - for Sale in Pendleton

Virtual Tour

Contact an Agent

John Wesley McPherson, Jr., CFA

503406-1776 Email Me

Location

$400,000 -

119 Sw Emigrant Ave Pendleton , OR 97801

MLS Area Major: _435

Street View

Nearby Schools

Recent Sales in the Area

This content last updated on April 29, 2024 10:45PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.