NOT LISTED FOR SALE

Estimated Value: $1,394,422

9 Beds
7 Baths
-- Sq Ft
6,621 Sq Ft Lot

Last Sold December 29, 2023

Last sale price $1,300,000

Est. 7% increase in value since last sale

Current estimated payment $8,220/month

164 Days on Market

Highlights

  • Mountain View
  • Corner Lot
  • Mini Split Heat Pump
  • Hood River Middle School Rated A-
  • Storage

About This Home

As of December 2023

Welcome to Hood River Heights, where a fantastic investment opportunity awaits! This 6-unit apartment complex is perfectly situated in the heart of Hood River, Oregon, offering breathtaking views of Mt. Adams from two of its units. Remodeled by Curtis Homes in 2013, this property boasts exquisite craftsman finishes and design upgrades that will surely impress any discerning buyer. Each unit showcases the finest craftsmanship, featuring stunning granite countertops that add elegance to the kitchens. The wood floors create a warm and inviting ambiance throughout, while the built-ins provide ample storage space and enhance the overall functionality of each unit.One of the distinctive features of this complex is the presence of cork floors, offering both a stylish and eco-friendly touch. These floors not only provide exceptional durability but also enhance the comfort and aesthetic appeal of the living spaces.Every unit in this complex has been thoughtfully designed to cater to the needs of its occupants. Each unit includes its own washer and dryer, ensuring convenience and efficiency for residents. Additionally, energy-efficient heating and cooling systems have been installed, allowing for comfortable living while minimizing energy consumption and costs. Location is key, and this complex excels in that aspect. Situated in the Heights neighborhood, you'll enjoy the luxury of having stunning views of Mt. Adams from select units. Furthermore, you'll find yourself just a stone's throw away from a delightful bakery, a variety of restaurants, a yoga studio, and other desirable amenities. The vibrant neighborhood ensures a convenient and enjoyable lifestyle for residents. Whether you're an investor seeking an outstanding income-generating property or an individual looking for a place to call home, this 6-unit apartment complex in Hood River Heights offers the perfect blend of craftsmanship, design, and location. Don't miss out on this extraordinary opportunity!

Last Agent to Sell the Property

Jennifer Dillard

Real Broker Brokerage Email: hello@jdreteam.com License #201225252 Listed on: 06/21/2023

Co-Listed By

Whitney Walker

Real Broker Brokerage Email: hello@jdreteam.com License #201244747

Last Buyer's Agent

Jennifer Dillard

Real Broker Brokerage Email: hello@jdreteam.com License #201225252 Listed on: 06/21/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,332

Year Built

  • Built in 1912

Lot Details

  • Corner Lot

Parking

  • 6 Car Garage
  • Assigned Parking

Home Design

  • Block Foundation
  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storage
  • Mountain Views
  • Natural lighting in basement

Schools

  • May Street Elementary School
  • Hood River Middle School
  • Hood River Vall High School

Utilities

  • No Cooling
  • Mini Split Heat Pump

Listing and Financial Details

  • Rent includes sewer, trashcollection, water
  • Assessor Parcel Number 6614

Community Details

Overview

  • 6 Units

Building Details

  • Operating Expense $25,405
  • Gross Income $107,748
  • Net Operating Income $82,343

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,332

Year Built

Built in 1912

Lot Details

0

Parking

6

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: MultiFamily
  • Stories: 2
  • Year Built: 1912
  • Property Condition: Approximately
  • Unreinforced Masonry Building: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight
  • Storage: IndividualStorageUnits
  • Lot Size Range: SqFt20000toAcres1

Exterior Features

  • Exterior Description: CementSiding
  • Lot Size: 20,000 SqFt to .99 Acres
  • Foundation Details: Block, ConcretePerimeter
  • View: Yes
  • Lot Features: CornerLot
  • Road Surface Type: Concrete
  • Disclosures: Disclosure
  • Roof: Composition
  • View: Mountain

Garage/Parking

  • Parking Description: Assigned
  • Attached Garage: No
  • Garage Spaces: 6.0
  • Total Parking Spaces: 6.0

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity,Gas
  • Cooling: Other
  • Cooling Y N: No
  • Heating: MiniSplit
  • Heating Yn: Yes
  • Sewer: PublicSewer
  • Water Source: PublicWater

Schools

  • Elementary School: May Street
  • High School: Hood River Vall
  • Middle Or Junior School: Hood River

Lot Info

  • Zoning: C2
  • Parcel #: 6614

Green Features

  • Green Certification: No

Rental Info

  • Rent Includes: Sewer, TrashCollection, Water

Tax Info

  • Tax Deferral: No
  • Tax Year: 2022
  • Tax Annual Amount: 6332.24

Multi Family

  • Unit Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5, UnitTypeType6
  • Number Of Units Total: 6
  • Gross Rent Multiplier: 13.92
  • Annual Gross Income: 107748.0
  • Property Net Operating Income: 82343.0
  • Annual Operating Expense: 25405.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Dec 20, 2023
Sold by
Twelfth Street Apartment Llc
Bought by
12Th And Taylor Apartments Llc
Seller's Agent
Jennifer Dillard
Real Broker
Buyer's Agent
Jennifer Dillard
Real Broker
List Price
$1,500,000
Sold Price
$1,300,000
Premium/Discount to List
-$200,000
-13.33%
Views
85
Current Estimated Value
$1,394,422

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,422
Avg. Annual Appreciation
4.58%
Original Mortgage
$1,000,000
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2017
Sold by
Smith Richard D
Bought by
Twelfth Street Apartments Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
12Th And Taylor Apartments Llc $1,300,000 Amerititle
12Th And Taylor Apartments Llc $1,300,000 None Listed On Document
Twelfth Street Apartments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 12Th And Taylor Apartments Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $1,300,000 0.0% --
12/03/2023 12/03/23 Pending -- -- --
07/27/2023 07/27/23 Off Market $1,300,000 -- --
07/07/2023 07/07/23 For Sale $1,500,000 0.0% --
06/29/2023 06/29/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $1,500,000 -- --
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,647 $511,020 $137,210 $373,810
2023 $7,647 $431,290 $68,360 $362,930
2022 $6,142 $418,730 $69,680 $349,050
2021 $6,171 $406,540 $67,650 $338,890
2020 $5,966 $394,700 $65,680 $329,020
2019 $5,566 $383,210 $63,770 $319,440
2018 $5,623 $372,050 $61,910 $310,140
2017 $5,520 $361,220 $60,110 $301,110
2016 $5,380 $350,700 $58,360 $292,340
2015 $5,285 $340,490 $56,660 $283,830
2014 $5,204 $330,580 $55,010 $275,570
2013 $4,174 $261,730 $53,410 $208,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 23225284

Regional Multiple Listing Service (RMLS)

APN: 03N-10E-35-AD-01900-6614.00