$2,100,000
For Sale

305 NW 8th Ave

Ontario, OR 97914
Browse 3 photos
Type:Multi-Family
Structure:Unit
Zone:Residential

Description

This is a real value-add property with rents on most units that can be raised. Property was renovated in 2022 through 2023. Unit mix consists of 18 units with one bath per unit: 2 Studio units; 4 one bed units; 12 two bed units. New landscaping was added in 2022 with automatic irrigation and sprinklers. A new roof membrane was installed by Lassiter roofing in 2022. The exterior was painted in 2022. 90% of the windows were replaced in 2022. Laundry room was updated and includes two washers and two dryers. A fence was added on the west and North side of the property in 2022. Lots of room to keep raising rents over the next couple of years as Ontario is very tight in the housing market and there are very few rentals available in the area. The property is managed by Century 21. Listing broker is related to the seller.

  • Property Details
      • Lot Description10000SF - .49
    • Measurements
      • Square Feet13420
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1970
    • Material information
      • FoundationCrawl Space
  • Utilities / Energy Details
      • Utility FeaturesSewer Connected
      • Utility SourceCity Service
  • Community and Neighborhood Details
      • Subdivision0 Not Applic.
    • Location
      • School DistrictOntario School District 8C
      • Middle SchoolOntario Jr High
      • Elementary SchoolOntario
      • High SchoolOntario
      • CountyMalheur
  • Financial Details
      • Taxes Annual$7,539
  • Other
      • MLS #98921892

Location

Jennie Finlay & CompanyJennie Finlay & Company
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00