3,744
Sq. Ft.
0.29
Acre Lot
Exceptional 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."
24567311
Commercial - Business Opportunities, 1 Story
1950
Union
0.29
Acres
1
Wood
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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Courtesy: Heidi Carver, Stellar Realty Northwest
Agent Cell Phone: 541-701-1376
Agent License: 200812012
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Listing content is © 2021 RMLS™, Portland, Oregon.
Listing content is © 2021 RMLS™, Portland, Oregon.