Investment opportunity! Two units in good location close to downtown La Grande. One unit is a 3 bedroom, 1 bath home, tenant pays $700/mo. and all utilities. Second unit is a 1 bedroom, 1 bath, tenant pays $450/mo. and all utilities. This is a fixer property, no foundation under the 3 bedroom unit, but both units are livable and owner has no trouble renting them. Appliances included. Bring a cash offer, good opportunity!
Off market
$232,400
1308 Penn Ave, La Grande, OR 97850
4beds
1,530sqft
MultiFamily
Built in 1890
-- sqft lot
$232,400 Zestimate®
$152/sqft
$1,380 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Wall, Gas
Cooling
- None
Appliances
- Included: Dishwasher, Refrigerator
Features
- Dishwasher, Refrigerator, Range, Washer/Dryer Hookup
- Basement: Basement (not specified)
Interior area
- Total interior livable area: 1,530 sqft
Property
Parking
- Total spaces: 2
Lot
- Size: 7,000 sqft
- Features: Level
Details
- Parcel number: 03S3808BB00500
- Zoning: LG-R3
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1890
- Major remodel year: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: La Grande
Other
Other facts
- Sewer: Public Sewer
- WaterSource: Public
- GarageYN: true
- HeatingYN: true
- NumberOfUnitsTotal: 2
- Heating: Natural Gas
- Roof: Composition
- NumberOfUnitsInCommunity: 2
- LotFeatures: Level
- Basement: Crawl Space, No Foundation
- YearBuiltEffective: 1890
- Zoning: LG-R3
- CurrentFinancing: Cash
- InteriorFeatures: Dishwasher, Refrigerator, Range, Washer/Dryer Hookup
- CapRate: 6.99
- GrossScheduledIncome: 13800
- YearBuiltDetails: Fixer
- GrossIncome: 10520
- OperatingExpense: 2827