Listing Details


LISTING
MLS#98677819Asking Price$2,350,000
ClassResidential IncomeListing Date12/11/2017
TypeApartment#Units35
AreaOntario - 1600#Parking
Address625 AlamedaLand Use5+ Units
City, StateOntario, ORAge31-50 Years
County, ZipMalheur, 97914Apx SqFt22400
 
CONTACT

 
REMARKS
Excellent investment property. This is a "project based section 8" property. The majority of the rent for qualifying residents is paid each month by HUD through the section 8 program. This is not a "voucher" program. The rent assistance stays with the property-it does not go with the resident when they leave. 35 units. All units are 1 bed 1 bath (640+/- sf each). On-site laundry facility for additional income. Very nice management office building on-site. Excellent rental history and waiting list.
 
DIRECTIONS
Located directly behind West Park Plaza on Alameda.
 
GENERAL
Year Built1973
Price Per SqFt$104.91
School DistrictOntario School District 8C
Elem SchoolOntario
Jr HighOntario Jr High
Sr HighOntario High
CountyMalheur
Subdivision0 Not Applic.
 
RESIDENTIAL INCOME
Garage Type
Stove/RangeAll Units
Disposal
RefrigeratorAll Units
Washer/DryerNo Units
Washer/Dryer HookupNo Units
LotGarden Space, Handicap Parking, Irrigation, Sidewalks
 
FEATURES
CoolingWindow/Wall Unit, All Units
HeatingCeiling, Electric, Radiant
StructureOffice
ConstructionFrame
RoofComposition Shingle
Water
Sewer
 
LEGAL
Local Improvement District?No
Flood Ins Required?No
CountyMalheur
MLS Parcel Number18037
Legal Descriptionsee documents
Listing BrokerKW Commercial
 
DISPLAY ON GOOGLE EARTH?
No.  This property is located outside of Ada and Canyon counties, Idaho.