111 SE 12TH ST, Pendleton, OR 97801

$307,000
1,626
SqFt

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List Price
$307,000
Days on Market
5
MLS#
736646930
Property Type
Multifamily
Sqft. of Residence
1,626
Lot Size
5, 000 to 6, 999 SqFt
Region
Umatilla Co: Pendleton
Status
ACTIVE

Property Description

Over the past year, this property has undergone an extensive transformation, taking care of the major expenses so you won't have to. From the moment you arrive, you'll notice the fresh curb appeal created by all-new fiber cement siding, fresh exterior paint, and a welcoming front sitting deck—the perfect place to relax and feel right at home. Step inside to discover new flooring throughout much of the home, creating a clean, updated feel that's ready for its next chapter. But the improvements go beyond what meets the eye. A brand-new sewer line provides invaluable peace of mind while eliminating one of the most significant potential expenses for years to come. The investment doesn't stop at the property itself. With the recent renovation of Washington Elementary School and continued improvements throughout the surrounding neighborhood, this area is experiencing renewed investment and revitalization, making it an exciting place to own. Currently operating as a successful mid-term rental, the property generates approximately $1,400 per month per unit, making it an excellent opportunity for investors or owner-occupants looking to offset their mortgage by living in one unit while renting the other. Both the front and rear units offer 2 bedrooms, 1 bathroom, and dedicated detached garage storage, providing comfortable, functional living spaces for tenants or owners alike. With a quality roof, vinyl windows, brand-new fiber cement siding, a new sewer line, and updated flooring throughout much of the home, the heavy lifting has been done. Simply move in, rent it out, and enjoy the confidence that comes with owning a property where the major improvements are already behind you.

Additional Information

Tax Amount
$1,419
Year Built
1910
High School
Pendleton
Elementary School
Washington
Middle School
Sunridge
Living Area
1,626
Stories
1
Terms
Cash, Conventional, FHA, USDA Loan, VA Loan
Cooling Description
Wall Unit(s)
Fuel Description
Electricity
Heating Description
Wall Heater
Hoa Rent Includes
Electricity, Gas, Sewer, Trash Collection, Water
Hot Water Description
Electricity
Exterior Description
Cement Siding
Roof Type
Shingle
Sewer Description
Public Sewer
View
Territorial
Parking
Off Street
Parking Description
Off Street
Road Surface
Concrete, Paved
Number Of Units Total
2
Unit Type One Baths Total
1
Unit Type One Beds Total
2
Unit Type One Rent
1400
Unit Type One Sq Ft
813
Unit Type One Units Total
1
Unit Type Two Baths Total
1
Unit Type Two Beds Total
2
Unit Type Two Units Total
1

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Hearthstone Real Estate.

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