607 SW Court Ave Pendleton, OR 97801
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 607 SW Court Ave
- Year built
- 1916
- Property type
- Commercial real estate
- APN
- 108903
Description
This exceptional investment opportunity presents a fully occupied, two-unit apartment building located at 607 SW Court Ave in Pendleton, Oregon. Built in 1916, this single-story property sits on a lot ranging from 3,000 to 4,999 square feet and is zoned C1. Each unit boasts two bedrooms and one bathroom, offering spacious living for tenants. The property's prime location, just six blocks from Main Street and conveniently close to the scenic river walk, ensures high tenant demand and occupancy. On and off-street parking is available, providing two parking spaces for residents. Financial highlights include an asking price of $320,000, a projected net operating income (NOI) of $19,867, and a 6.21% capitalization rate. The projected gross income is $24,600, with projected operating expenses of $4,733. The property is currently occupied on a month-to-month basis. Financing options include cash, conventional, FHA, and VA loans. The Umatilla County Assessor's Parcel Number (APN) is 108903. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location. A video tour is available.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pendleton
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.7936494
- Latitude
- 45.6710115
