NOT LISTED FOR SALE

334 E 5th Ave Riddle, OR 97469

-- Bed
1 Bath
768 Sq Ft
1970 Built

Last Sold January 29, 2021

Last sale price $1,320,000 $1,719 Per Sq Ft

155 Days on Market

Highlights

  • Views
  • Level Lot
  • 1-Story Property

About This Home

As of January 2021

ATTENTION INVESTORS! Here is your opportunity to own a desirable recession proof asset. Old Hotel Mobile Home Park has a long history of high occupancy and long term renters. A manager is on site and vacancy or delinquent rent is a rare occurrence. The property is in excellent physical condition most all of the water and sewer lines being replaced. The current owner paid approx. $80k for new paving. The park is comprised of 27 park spaces and three stick built homes. Don't miss out on this one!

Last Agent to Sell the Property

Jim Reiter

Columbia Equity Advisors License #26834 Listed on: 07/31/2020

Last Buyer's Agent

Emily McCurry

Safari Village Real Estate License #201227142

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Parking

  • Paved Parking

Additional Features

  • 1-Story Property
  • Level Lot
  • Electric Water Heater
  • Property Views

Community Details

  • 27 Units

Listing and Financial Details

  • Rent includes trash collection, sewer, water, ground maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Status: Sold
  • Property Category: Multi Family
  • Stories: 1
  • Year Built: 1970
  • Property Condition: Approximately
  • Remarks Public: ATTENTION INVESTORS! Here is your opportunity to own a desirable recession proof asset. Old Hotel Mobile Home Park has a long history of high occupancy and long term renters. A manager is on site and vacancy or delinquent rent is a rare occurrence. The property is in excellent physical condition most all of the water and sewer lines being replaced. The current owner paid approx. $80k for new paving. The park is comprised of 27 park spaces and three stick built homes. Don't miss out on this one!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Legal Description: TRACT:M&B V157 P210 LESS PT SD ACRES 1.80 MULT MS'S Approx. 1.02 acres of vacant land adjacent to the S

Exterior Features

  • Lot Size: 1 to 2.99 Acres
  • View: Mountain(s)
  • View: Yes
  • Road Surface: Paved

Garage/Parking

  • Parking Description: Paved

Utilities

  • Fuel Description: Electricity
  • Hot Water: Electricity
  • Sewer: Public Sewer
  • Water Description: Public
  • Heating Description: Floor Furnace

Association/Amenities

  • Amenities Supplement: No

Schools

  • Elementary School: Riddle
  • High School: Riddle

Lot Info

  • Lot Description: Level
  • Zoning: UZ
  • Water Rights Supplement: No

Green Features

  • Green Energy Supplement: No

Rental Info

  • Rent Includes: Trash Collection, Sewer, Water, Maintenance Grounds

Tax Info

  • Tax Amount: 4900.00
  • Assessor Parcel Number: Not Found

Multi Family

  • Unit Type: 1, 2, 3, 4, 5
  • Number Of Units Total: 27
  • Gross Rent Multiplier: 7.67

MLS Schools

  • Elementary School: Riddle
  • High School: Riddle

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $1,320,000 -5.7% $1,719 / Sq Ft
01/02/2021 01/02/21 Pending -- -- --
12/30/2020 12/30/20 For Sale $1,400,000 0.0% $1,823 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $1,400,000 -- $1,823 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jim Reiter

    Seller's Agent in 2021

    Jim Reiter

    Columbia Equity Advisors

    (360) 931-3505

    14 Total Sales

    Jim Reiter
    Section Image
  • Emily McCurry

    Buyer's Agent in 2021

    Emily McCurry

    Safari Village Real Estate

    (541) 637-7133

    21 Total Sales

    Emily McCurry
    Section Image
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Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 20505312

Regional Multiple Listing Service (RMLS)

Oregon Douglas County Riddle 97469

334 E 5th Ave, Riddle, OR

This home is located at 334 E 5th Ave, Riddle, OR 97469 since 31 July 2020. This property was built in 1970. 334 E 5th Ave is a home located in Douglas County with nearby schools including Riddle High School.

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