• Price:

    • $259,500

  • Listing #:
    • 18255837
  • Class:
    • Multi-Family
  • Type:
    • N/A
  • Status:
    • Active
  • Units:
    • 9
  • Apx. Sqft.:
    • 2867
  • Lot Size:
    • 5,000 to 6,999 S...
  • Year Built:
    • 1910
  • Elementary:
    • Washington
  • High School:
    • Pendleton
  • Address:
    • 241 SE 3RD ST
  • City:
  • County:
    • Umatilla
  • Area:
    • Umatilla Co: Pendleton
  • State:
    • OR
  • Zip:
    • 97801

Description

Opportunity to own a boarding house in downtown Pendleton! Building offers 9 one room rentals, common kitchen, 2 3/4 bathrooms, laundry, commons area and it's walking distance to beautiful downtown Pendleton! It has new plumbing from the street and throughout building, new HVAC system in 2015 as well as updated electrical. There is a live-in manager, good occupancy rate typically, however 2017 had a lower occupancy.

For more information on this listing, please contact...

  • Unit Type 1 Units Total:
    • - 2
  • Unit Type 1 Beds Total:
    • - 1
  • Unit Type 1 Rent:
    • - 500
  • Unit Type 2 Units Total:
    • - 6
  • Unit Type 2 Beds Total:
    • - 1
  • Unit Type 2 Rent:
    • - 450
  • Unit Type 3 Units Total:
    • - 1
  • Unit Type 3 Beds Total:
    • - 1
  • Unit Type 3 Baths Total:
    • - 1
  • Capitalization Rate:
    • - 5.92
  • Operating Expenses Actual:
    • - 7426
  • Gross Income Actual:
    • - 22783
  • Gross Rent Multiplier:
    • - 11.39
  • Operating Expenses Projec:
    • - 7426
  • Gross Income Projected:
    • - 39960
  • Net Income Projected:
    • - 32928
  • Net Income Actual:
    • - 15357
  • Stories:
    • - 2
  • Roof Type:
    • - Shingle
  • Sewer Description:
    • - Public Sewer
  • Storage:
    • - Basement
  • Common Amenities:
    • - Central Air
    • - Commons
    • - Laundry
  • Basement Foundation:
    • - Block
    • - Partial Basement
    • - Stem Wall
  • Heating Description:
    • - Forced Air
  • Cooling Description:
    • - Central Air
  • Exterior Description:
    • - Wood Siding
  • Fuel Description:
    • - Gas
  • Hot Water Description:
    • - Gas
    • - Tank
  • Lot Description:
    • - Level
  • Occupancy Types:
    • - Leased
    • - Month To Month
  • Security/Entry:
    • - Entry
    • - Fire Escape
  • Utilities Included:
    • - Cable Tv
    • - Electricity
    • - Trash Collection
    • - Heat
    • - Sewer
    • - Water
  • Water Description:
    • - Public
  • Unit Features:
    • - Air Conditioning
  • ViewYN:
    • - Yes
  • View Description:
    • - City
  • Zoning:
    • - C-1
  • Tax Amount:
    • - 1319.25
  • UnitType4Features:
    • - Air Conditioning
  • UnitType1Features:
    • - Air Conditioning
  • UnitType2Features:
    • - Air Conditioning
  • UnitType3Features:
    • - Air Conditioning
  • YearBuiltDetails:
    • - Remodeled
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For more information on this listing, please contact...