Central Oregon Homes, Land & Acreage for Sale

1021 NE A Street, Grants Pass, OR 97526

$3,000,000

Property Type: Commercial Sale Square Footage: 1,996 Lot Size (sq. ft.): 18,295 Status: Closed

Current Price: $3,000,000 List Date: 10/28/2022 Last Modified: 11/06/2024

Overview

Description

Own this well-cared-for and high-demand apartment complex in NE Grants Pass. Units have been remodeled with each turnover and the current owner's high standards of maintenance are apparent upon visiting. Rents are up to date and the property managers have documents ready. Two of the units are currently undergoing renovations and will have freshly vetted tenants occupying all units soon. Sale subject to seller finding replacement property for 1031 exchange. This property appears to be located in an Opportunity Zone. Buyer to do their own due diligence as to the potential tax benefits and other incentives associated with this classification.

Listing Details MLS# 220155711

General Property Information

Building Area Total: 1996
Building Area Source: Other
Building Area Units: Square Feet
# of Units Total: 23
Year Built: 1950
New Construction YN: No
Zoning: R-4
Tax Annual Amount: 7975
Tax Year: 2021
CC&R's YN: No
FIRPTA YN: No
Sign On Property YN: No

Property Features

Body Type: Other Common Walls: 2+ Common Walls Construction Materials: Frame Cooling: Wall/Window Unit(s) Flooring: Carpet; Vinyl Foundation Details: Slab Heating: Baseboard Levels: Two Roof: Composition Existing Lease Type: Month To Month Window Features: Aluminum Frames Owner Pays: Common Area Maintenance; Sewer; Taxes; Water Tenant Pays: Electricity Exterior Features: Courtyard Utilities: Electricity Connected Lot Features: Landscaped Parking Features: Asphalt Patio and Porch Features: Patio Road Surface Type: Paved Sewer: Public Sewer Water Source: Public Documents on File: Profit and Loss Statement; Rental Agreement; Schedule of Tenants Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number: 1021
Street Dir Prefix: NE
Street Name: A
Street Suffix: Street
County: Josephine
State: OR
Postal Code: 97526

Contract Information

Original List Price: 3900000
Listing Contract Date: 2022-10-28
Dual Listing YN: No

Remarks and Miscellaneous

Public Remarks: Own this well-cared-for and high-demand apartment complex in NE Grants Pass. Units have been remodeled with each turnover and the current owner's high standards of maintenance are apparent upon visiting. Rents are up to date and the property managers have documents ready. Two of the units are currently undergoing renovations and will have freshly vetted tenants occupying all units soon. Sale subject to seller finding replacement property for 1031 exchange. This property appears to be located in an Opportunity Zone. Buyer to do their own due diligence as to the potential tax benefits and other incentives associated with this classification.