Downtown Hood River property - includes 12 unit apartment complex on a total of three commercial lots. This property is ideally located inside the opportunity zone for maximum potential. Many opportunities to update units or develop all three lots as a residential/commercial project. Also potential for renting units short-term to maximize revenue. Located within walking distance to breweries, restaurants, and the waterfront.
Off market
$2,896,800
715 Cascade Ave, Hood River, OR 97031
3beds
2baths
9,720sqft
MultiFamily
Built in 1963
-- sqft lot
$2,896,800 Zestimate®
$298/sqft
$2,262 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Electric
Appliances
- Included: Dishwasher
- Laundry: Common Area
Features
- Flooring: Hardwood
- Windows: Window Coverings
Interior area
- Total interior livable area: 9,720 sqft
Property
Features
- Exterior features: Wood
- Has view: Yes
- View description: Mountain
Lot
- Features: Level, Views, 1 to 2.99 Acres
Details
- Zoning: C1
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Approximately
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & neighborhood
Location
- Region: Hood River
HOA & financial
Other financial information
- Total actual rent: 2600
Other
Other facts
- Flooring: Wood
- ViewYN: true
- Sewer: Public Sewer
- WaterSource: Public
- Heating: Baseboard
- Zoning: C1
- Appliances: Dishwasher, Electric Water Heater
- HeatingYN: true
- Utilities: Electricity Connected
- CoolingYN: true
- NumberOfUnitsTotal: 12
- ConstructionMaterials: Wood Siding
- Roof: Composition
- LotFeatures: Level, Views, 1 to 2.99 Acres
- Cooling: Window Unit(s)
- FarmLandAreaUnits: Square Feet
- RentIncludes: Water, Sewer, Trash Collection
- WindowFeatures: Window Coverings
- LaundryFeatures: Common Area
- ParkingFeatures: Paved
- View: Mountain(s)
- TotalActualRent: 2600
- CapRate: 3.77
- MlsStatus: Pending
- CoListAgentEmail: Mitchell@EnglandPropertyGroup.com
- CoListAgentFullName: Mitchell England
- GrossIncome: 164640
- OperatingExpense: 57246
- PropertyCondition: Approximately
- NetOperatingIncome: 107394
- TaxAnnualAmount: 7660.37