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124 NW 4th Ave, Ontario, OR, 97914

--beds
--baths
4,660sqft
$1,200,000
$258price/sqft
$7,561/moest. monthly cost
$302,440/yrincome needed

About This Home

This is an amazing investment opportunity!! 18 fully rented units with a long standing and solid rental history. These units are separated into four structures on a .42 acre corner lot. The neighborhood is quiet and the units all show pride of ownership. The history of this parcel is that it used to be a hotel and then was converted into studio units and or 1 bedroom units. Some of these units have kitchenettes with a stove and some do not. These units are available to be shown to prequalified buyers once an offer has been accepted so as to not disturb the tenants. You may drive by and view the exterior at any time, just do not disturb the tenants. If you're looking to do a 1031 exchange or looking to expand your portfolio with a 5.58% cap rate then do not pass this property by! It's truly amazing and has been very well cared for.

Getting Around

79
WalkingVery Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

3/10
3/10
Ontario Middle SchoolGrades 7-80.4 mi
3/10
Ontario High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1946

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment,Multi Family

Interior

Appliances

  • Appliances included: Stove/Range (Some Units),Refrigerator (Some Units),Washer/Dryer (No Units)

Features

  • Flooring: Vinyl Sheet

Heating & Cooling

  • Heating features: Electric,Natural Gas,Wall Furnace
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 4,660
  • Total interior livable area: 4,660 sqft

Property

Details

  • Parcel number: 18S4703CB4600

Lot

  • Lot size: 0.42 Acres
  • Features: 10000SF - .49

Parking

  • Total spaces: 18