Nick Shivers - OR & WA Broker
This listing was posted on Keller Williams Realty Portland Central (via TourFactory).
$1,000,000
investment opportunity in the heart of La Grande, Oregon!
Price:
$1,000,000
BR/BA:
1 BA
Location:
2116 ADAMS AVE, La Grande, OR
Description:
Prime investment opportunity in the heart of La Grande, Oregon! This property offers the perfect blend of comfortable living and a hospitality business. Situated in downtown La Grande on Hwy 30, this property features a 9-unit motel accompanied by a spacious home. The main residence has 2 large bedrooms, 1 bath, laundry, 2 kitchens, a dining area, a living room, and an office so you can comfortably live on-site while managing the motel property. Each of the 9 motel units ranges from 200 to 400 square feet in size. Five of these units are equipped with kitchens, ensuring guests have the option of preparing meals in the comfort of their own space. Additionally, 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 within walking distance to popular restaurants, shopping, parks, Eastern Oregon University, and Grande Ronde Medical Center, guests will enjoy the convenience and attractions offered by the area. This strategic location ensures a steady flow of guests, making this investment an even more attractive proposition. **"Buyer to do their own due diligence on hotel+house total sq ft."
Property Type:
Single-Family Houses
Sq feet:
3,744 sq. ft.
Year:
1950
Amenities:
Parking, Patio/Deck, Storage
For sale by:
Agent/Broker
Agent Name:
Nick Shivers - OR & WA Broker
MLS Number:
23018059
Posted:
January 1 on TourFactory
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More About this Listing: investment opportunity in the heart of La Grande, Oregon!
investment opportunity in the heart of La Grande, Oregon! is a One Bath Single-Family Homes for Sale at 2116 Adams Ave in La Grande OR. Find other listings like investment opportunity in the heart of La Grande, Oregon! and listings near 2116 Adams Ave by searching Oodle Classifieds for One Bath Single-Family Homes for Sale in La Grande OR.
investment opportunity in the heart of La Grande, Oregon! is a One Bath Single-Family Homes for Sale at 2116 Adams Ave in La Grande OR. Find other listings like investment opportunity in the heart of La Grande, Oregon! and listings near 2116 Adams Ave by searching Oodle Classifieds for One Bath Single-Family Homes for Sale in La Grande OR.