2116 ADAMS AVE La Grande, OR 97850
Mortgage Calculator
Monthly Payment (Est.)
$4,448Exceptional investment opportunity in La Grande, Oregon! This property presents a opportunity of quality living quarters with rental units and an annual NOI of $61,176 and a current CAP rate of 5.56. Located in the heart of downtown La Grande on Highway 30, this property features a 9-unit motel along with a comfortable sized residential home to be used as owner occupancy or on-site manager. The main residence has 2 large bedrooms, 1 bath, laundry, 2 kitchens, a dining area, a living room, and an office. Each of the 9 motel units ranges from 200 to 400 square feet in size. Five of these units are equipped with kitchens, allowing guests have the option of preparing meals in the comfort of their own space. All units are furnished with 55" TVs. On-site amenities include a patio, laundry facility, ice machine, parking, and convenient storage. Currently, 7 out of the 9 units are generating a monthly income of $6,265, with the remaining 2 units undergoing renovation. This outstanding income stream provides a foundation for your investment with excellent returns. Situated right across the street from Safeway and a short distance to popular restaurants, shopping, parks, Eastern Oregon University, and Grande Ronde Medical Center. This central location ensures opportunity for 0 vacancies , making this investment an even more attractive proposition. **"Buyer to do their own due diligence on hotel + house total sq ft."
| 3 months ago | Price changed to $975,000 | |
| 3 months ago | Status changed to Active | |
| 4 months ago | Listing first seen online | |
| 6 months ago | Listing updated with changes from the MLS® |
The content relating to real estate for sale on this website comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is Copyright © 2024 RMLS™, Portland, Oregon. Some properties which appear for sale on this website may subsequently have sold or may no longer be available.
This content last updated on 2024-10-17 05:00 PM PDT.
All information provided is deemed reliable but is not guaranteed and should be independently verified
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.