124 NW 4th Ave., Ontario, OR 97914-0000
124 NW 4th Ave., Ontario, OR 97914-0000
124 NW 4th Ave., Ontario, OR 97914-0000
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Listed by Kellie Robinson • True North Real Estate Group, LLC
$1,200,000
Est. payment /mo
4,660 SqFt
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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 4,660 sqft

Price per Sqft $257

Subdivision Wilsons Supplem

MLS Listing ID 98955382

HOA Y/N No

Year Built 1946

Annual Tax Amount $3,116

Tax Year 2024

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Apartment

Source IMLS 2

Property Description

This is an amazing investment opportunity!! 18 fully rented units with a long standing and solid rental history. These units are separated into four structures on a .42 acre corner lot. The neighborhood is quiet and the units all show pride of ownership. The history of this parcel is that it used to be a hotel and then was converted into studio units and or 1 bedroom units. Some of these units have kitchenettes with a stove and some do not. These units are available to be shown to prequalified buyers once an offer has been accepted so as to not disturb the tenants. You may drive by and view the exterior at any time, just do not disturb the tenants. If you're looking to do a 1031 exchange or looking to expand your portfolio with a 5.58% cap rate then do not pass this property by! It's truly amazing and has been very well cared for.

Location

State OR

County Malheur

Area Ontario - 1600

Direction West on W. Idaho ave, North on N. Oregon St. West on NW 4th

Interior

Heating Electric, Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Vinyl Sheet

Fireplace No

Appliance Stove/Range (Some Units), Refrigerator (Some Units), Washer/Dryer (No Units)

Exterior

Community Features 5+ Units

Utilities Available Sewer Connected

Roof Type Composition

Total Parking Spaces 18

Building

Lot Description 10000SF - .49

Faces West on W. Idaho ave, North on N. Oregon St. West on NW 4th

Water City Service

Structure Type Frame

New Construction No

Schools

Elementary Schools Ontario

High Schools Ontario

School District Ontario School District 8C

Others

Senior Community No

Tax ID 18S4703CB4600

Ownership Fee Simple

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry


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Intermountain MLS (IMLS)

Nearby Locations

John Schoettger
John Schoettger

REALTOR

+1(208) 358-3389 | john.schoettger@royaltyparkgroup.com

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