27 new townhomes. Turnkey multifamily listing. Each unit is on a separate tax lot and can be sold individually like a condo. Listing can be sold in any increments (1-27) price per unit will vary. Fourplex formation. These are fully leased and stabilized rents. Professionally managed at 6%. HOA maintains all exteriors. HOA dues are $65 per month. Tenants pay all utilities. Up to 47 additional units available. Perfect 1031 tax investment allows for single units liquidation at owners discretion.
Off market
$1,075,400
1789 NE 8th St, Hermiston, OR 97838
3beds
3baths
40,000sqft
MultiFamily
Built in 2017
-- sqft lot
$1,075,400 Zestimate®
$27/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Forced air, Electric
Cooling
- Central
Appliances
- Included: Refrigerator
- Laundry: Washer/Dryer Hookup
Features
- Windows: Window Coverings
Interior area
- Total interior livable area: 40,000 sqft
Property
Parking
- Parking features: Garage - Attached
Features
- Patio & porch: Deck
- Exterior features: Cement / Concrete
Lot
- Size: 2,614 sqft
- Features: Level, Views
Details
- Parcel number: 4N2802DB07800
- Zoning: R3
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Existing
- Year built: 2017
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Cable Connected
Community & neighborhood
Security
- Security features: Sidewalk
Location
- Region: Hermiston
HOA & financial
Other financial information
- Total actual rent: 1400
Other
Other facts
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- FoundationDetails: Concrete Perimeter, Slab
- Zoning: R3
- Heating: Forced Air
- RoadSurfaceType: Paved
- Appliances: Refrigerator, Electric Water Heater, Tank Water Heater
- GarageYN: true
- AttachedGarageYN: true
- HeatingYN: true
- PatioAndPorchFeatures: Deck
- Utilities: Electricity Connected, Cable Connected
- CoolingYN: true
- NumberOfUnitsTotal: 27
- Roof: Composition
- LotFeatures: Level, Views
- ConstructionMaterials: Cement Siding, Lap Siding
- FarmLandAreaUnits: Square Feet
- ParkingFeatures: Storage, Attached, Guest
- RentIncludes: Cable TV, Maintenance Grounds
- WindowFeatures: Window Coverings
- Cooling: Central Air, Air Conditioning
- TotalActualRent: 1400
- View: Territorial
- LaundryFeatures: Washer/Dryer Hookup
- PropertyCondition: Existing
- CapRate: 8.43
- MlsStatus: Active
- GrossIncome: 453000
- SecurityFeatures: Sidewalk
- GrossScheduledIncome: 453000
- OperatingExpense: 153000
- NetOperatingIncome: 430000
- Road surface type: Paved
Services availability
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