625 Alameda

    Ontario, OR 97914
    • $2,350,000
    • STATUS: Active
    • ON SITE: 222 days
    • MLS #: 98677819
    $2,350,000
    • 0
      BEDS
    • 2.03
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,400
      SQFT
    • $105
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1973
    County:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Excellent investment property. This is a "project based section 8" property. The majority of the rent for qualifying residents is paid each month by HUD through the section 8 program. This is not a "voucher" program. The rent assistance stays with the property-it does not go with the resident when they leave. 35 units. All units are 1 bed 1 bath (640+/- sf each). On-site laundry facility for additional income. Very nice management office building on-site. Excellent rental history and waiting list.

    Directions: Located directly behind West Park Plaza on Alameda.

    Monthly Payment Calculator



    © 2018 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Juniper Realty Group are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2018-07-22T00:11:03.313.
    www.juniperrealtygroup.com/homes/79338167

    625 Alameda Ontario, OR 97914

    • Price: $2,350,000
    • Status: Active
    • MLS #: 98677819
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.03
    Acres
    22,400
    SQFT
    $105
    $/SQFT
    1973
    Built
    Neighborhood:
    0 Not Applic.
    County:
    Malheur
    Area:
    Ontario - 1600
    Elementary School:
    Ontario
    Middle School:
    Ontario Jr High
    High School:
    Ontario
    School District:
    Ontario School District 8C
    Property Description
    Excellent investment property. This is a "project based section 8" property. The majority of the rent for qualifying residents is paid each month by HUD through the section 8 program. This is not a "voucher" program. The rent assistance stays with the property-it does not go with the resident when they leave. 35 units. All units are 1 bed 1 bath (640+/- sf each). On-site laundry facility for additional income. Very nice management office building on-site. Excellent rental history and waiting list.

    Directions: Located directly behind West Park Plaza on Alameda.
    Exterior Features

    Construction Frame Land Size 1 - 4.99 Acres Lot Garden SpaceHandicap ParkingIrrigationSidewalks Lot Size Length 630.23 Lot Size Width 140 Parking Spaces 35 Roof Composition Shingle

    Interior Features

    Apx Above Grade Sq Ft 22400 Apx Below Grade Sq Ft 0 Cooling Window/Wall UnitAll Units Heating CeilingElectricRadiant Refrigerator All Units Stove Range All Units Structure Office Washer Dryer Hookups No Units Washer Dryers No Units

    Property Features

    Actual Rent Income 222180 Age 31-50 Years Annual Net Operating Income 120412 Assoc Setup Transfer Fees 0 Association Fees 0 Association Frequency Not Applicable Auction YN No City Bus No Flood Ins Required YN No Gross Operating Income 213471 Home Owner Exempt YN No In Foreclosure YN No Irrigation District YN Yes Land Use 5+ Units Local Improvement Dist YN No Multifamily Type Apartment Other Income 2400 Potential Short Sale YN No Reo Bank Owned YN No Sewer Exp Yes Connected Tax Year 2016 Taxes 15523 Terms CashConventional Total Annual Expense 93059 Vacancy Or Credit Loss 11109 Water Exp City Service Zoning C-2

    Listing Courtesy of Kw Commercial.


    © 2018 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Juniper Realty Group are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2018-07-22T00:11:03.313.
     
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