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182 Molly Street

Glendale, OR 97442
  • $1,898,881
  • STATUS: Active
  • ON SITE: 174 Days
  • MLS #: 220171056
$1,898,881
  • 0
    BEDS
  • 0.79
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,628
    SQFT
  • $139
    $/SQFT
Neighborhood:
N/A
Type:
Multi-Family
Built:
1977
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of Loraditch Ranch & Home R/E :5414501861.

Description

Located a short drive to the low vacancy Grants Pass market, the town of Glendale only has two apartment buildings, one of which just converted to HUD. Subjectproperty boasts 17 units with great opportunity to boost current rents to the max allowed under the current Rent Comparability Study (RCS), to issue a new updated RCS with higher allowed rents, or take the property market rate at the expiration of the HUD contract. With pro forma based rent upside validated in the Rent Comparability Study (RCS), new owner will be acquiring an asset at low basis. Note: current owner took back management this year from a third-party vendor. The pro forma rents are justified in RCS, and upside is realistic and achievable despite statewide rent control. RCS could be renewed and with justified higher rents, or buyer could take entire property market rate in April.

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Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Sun Country Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Coldwell Banker Sun Country Realty, Inc.. Data last updated: .2024-03-03T23:49:19.403
www.cbsun.com/homes/143290696
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182 Molly Street Glendale, OR 97442

  • Price: $1,898,881
  • Status: Active
  • On Site: 174 Days
  • MLS #: 220171056
0
Beds
0
Baths
0
½ Baths
0.79
Acres
13,628
SQFT
$139
$/SQFT
1977
Built
Neighborhood:
N/A
County:
Douglas
Area:
Glendale
Elementary School:
Check With District
Middle School:
Check With District
High School:
Check With District
Property Description
Located a short drive to the low vacancy Grants Pass market, the town of Glendale only has two apartment buildings, one of which just converted to HUD. Subjectproperty boasts 17 units with great opportunity to boost current rents to the max allowed under the current Rent Comparability Study (RCS), to issue a new updated RCS with higher allowed rents, or take the property market rate at the expiration of the HUD contract. With pro forma based rent upside validated in the Rent Comparability Study (RCS), new owner will be acquiring an asset at low basis. Note: current owner took back management this year from a third-party vendor. The pro forma rents are justified in RCS, and upside is realistic and achievable despite statewide rent control. RCS could be renewed and with justified higher rents, or buyer could take entire property market rate in April.
Exterior Features

Architectural Style Other Construction Materials Frame Foundation Details Slab Levels Two Parking Features Asphalt Roof Metal

Interior Features

Cooling Other Flooring OtherVinyl Heating BaseboardElectric

Property Features

Additional Parcels YN No Association YN No CCAnd Rs YN No Cross Street Pacific Ave FIRPTAYN No Listing Terms CashConventional New Construction YN No Property Sub Type Multi Family Sewer Public Sewer Sign On Property YN No Special Listing Conditions Standard Tax Annual Amount 5647.06 Tax Year 2022 Water Source Public Zoning -

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of Loraditch Ranch & Home R/E :5414501861.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Sun Country Realty, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Coldwell Banker Sun Country Realty, Inc.. Data last updated: .2024-03-03T23:49:19.403
 
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Coldwell Banker Sun Country Realty, Inc.
750 NW 3rd Street
Prineville OR, 97754
Listing provided courtesy of Loraditch Ranch & Home R/E :5414501861.