$3,075,000

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    Hermiston, OR 97838

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    $3,075,000

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    • 3 Beds
    • 3 Baths
    • Multi-Family
    • Listing# 20360883
    , Hermiston, OR 97838
    , Hermiston, OR 97838
    , Hermiston, OR 97838
    , Hermiston, OR 97838
    , Hermiston, OR 97838
    , Hermiston, OR 97838
    , Hermiston, OR 97838
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    Listing provided courtesy of: M.H. Zoller Company
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    Views: 144 Days On Site: 378

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    Sunday 28 Feb
    Monday 01 Mar
    Tuesday 02 Mar
    Wednesday 03 Mar
    Thursday 04 Mar
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    Property Details

    15 leased townhomes. 3 bd, 2.5 bth, 1 car garage. Each unit is on a separate tax lot and can be sold individually like a condo. Listing can be sold in any increments (1-15) 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. Perfect 1031 tax investment allows for single units liquidation at owners discretion.

    • General Features
      • Area Umatilla Co: Hermiston
      • Bank Owned Y/N No
      • Capitalization Rate 5.40
      • Cooling Description Central Air
      • Country US
      • Fuel Description Electricity
      • Gross Income Actual 254160
      • Gross Rent Multiplier 12.10
      • Heating Description Forced Air
      • Hot Water Description Electricity,Tank
      • Net Income Actual 165905
      • Number Of Units Total 15
      • Occupancy Types Leased
      • Operating Expenses Actual 75547
      • Sewer Description Public Sewer
      • Short Sale Y/N No
      • Stories 2
      • Subdivision Cimmaron Terrace
      • Supplement Number 0
      • Tax Amount 3285.73
      • Terms Cash,Conventional,FHA,Lease Option,VA Loan,USDA Loan
      • Third Party Approval Y/N No
      • Utilities Included Maintenance Grounds
      • View Type Territorial
      • View Y/N Yes
      • Water Description Public
      • Year Built 2017
      • Zoning R3
    • Building Features
      • Basement None
      • Basement1 Slab,Concrete Perimeter
      • Exterior Description Lap Siding,Cement Siding
      • SqFt Approximate Building Total 40000
      • Storage Garage(s)
      • 1 Deck,Washer/Dryer Hookup,Window Coverings,Air Conditioning
      • 2 3
      • 2 3
      • 2 Deck,Dishwasher,Refrigerator,Air Conditioning
      • 2 1425
      • 2 1513
      • 2 15
      • UnitFeatures Deck,Dishwasher,Refrigerator,Washer/Dryer Hookup,Window Coverings,Air Conditioning
    • Room Features
      • Legal Description Cimmaron Terrace Phase One lots: 3-10; 61-67. City of Hermiston, Umatilla County, Oregon
      • Limited Representation Y/N Full Service
    • Property Features
      • Lot Description Sloped
      • Lot Size 0K to 2,999 SqFt
      • Property Category Multi-Family
      • Roof Type Composition
    • Schools
      • Elementary School Sunset
      • High School Hermiston
      • Middle School Sandstone

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    Neighborhood

    97838 (Hermiston) Demographics

    32 Median Age
    159 Population Density (per sq. mile)
    26% College Educated
    $52,057 Estimated Median Income
    5,971 Estimated Total Home Owners
    3,148 Estimated Total Renters
    65% / 35% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    26,202 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $269,032 Median Sales Price
    16 Homes Sold
    28 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,075,000
        2/11/2021 10:51:10 AM Price Reduced Source New Value: $3,075,000 -40.87%
        1/25/2021 4:36:36 PM Price Increased Source New Value: $5,200,000 1.36%
        2/16/2020 3:37:00 PM New in Database Source New Value: $5,130,000

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        The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Oregon First Inc. are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2021 RMLS™, Portland, Oregon. This content last updated on 2/28/2021 2:36:39 AM. Some properties which appear for sale on this site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX and listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.