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Off market
  • $11,042

    334 E 5th Ave APT 5, Riddle, OR 97469

    --beds
    0baths
    630sqft
    MultiFamily
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $18/sqft
    $-- HOA

    What's special

    ATTENTION INVESTORS! Here is your opportunity to own a desirable recession proof asset. Old Hotel Mobile Home Park has a long history of high occupancy and long term renters. A manager is on site and vacancy or delinquent rent is a rare occurrence. The property is in excellent physical condition most all of the water and sewer lines being replaced. The current owner paid approx. $80k for new paving. The park is comprised of 27 park spaces and three stick built homes. Don't miss out on this one!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Electric
    Interior area
    • Total interior livable area: 630 sqft

    Property

    Features
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 1.80 Acres
    • Features: Level, Views, 1 to 2.99 Acres
    Details
    • Parcel number: M88674
    • Zoning: UZ

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Foundation: Other
    • Roof: Other
    Condition
    • Approximately
    • Year built: 1970

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & neighborhood

    Location
    • Region: Riddle

    HOA & financial

    Other financial information
    • Total actual rent: 3570

    Other

    Other facts
    • ViewYN: true
    • Sewer: Public Sewer
    • WaterSource: Public
    • RoadSurfaceType: Paved
    • HeatingYN: true
    • Utilities: Electricity Connected
    • Heating: Floor Furnace
    • NumberOfUnitsTotal: 27
    • LotFeatures: Level, Views, 1 to 2.99 Acres
    • LeaseTerm: Month To Month
    • FarmLandAreaUnits: Square Feet
    • RentIncludes: Water, Sewer, Trash Collection, Maintenance Grounds
    • Zoning: UZ
    • ParkingFeatures: Paved
    • Appliances: Electric Water Heater
    • View: Mountain(s)
    • CapRate: 7.45
    • TotalActualRent: 3570
    • MlsStatus: Pending
    • PropertyCondition: Approximately
    • GrossIncome: 182640
    • NetOperatingIncome: 104340
    • OperatingExpense: 78300
    • TaxAnnualAmount: 4900.00
    • Road surface type: Paved
    Services availability