La Grande, OR 97850,2109 3RD ST
La Grande, OR 97850,2109 3RD ST
La Grande, OR 97850,2109 3RD ST
47
Listed by Land Leader
Bought with Eagle Cap Realty, Inc
$980,000
$1,100,000
10.9%
Est.Price: ?

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7,308 SqFt

2109 3RD ST La Grande, OR 97850

Est. payment /mo
SOLD DATE : 02/27/2024

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Key Details

Sold Price $980,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,308 sqft

Price per Sqft $134

MLS Listing ID 23560291

Sold Date 02/27/24

Year Built 1890

Annual Tax Amount $7,796

Tax Year 2023

Property Description

Welcome to 2109 3rd Street, the Bell Station Apartments, in ruggedly beautiful La Grande, Oregon. A rare public offering of a ten-unit apartment complex, Bell Station presents an extraordinary opportunity to step into an established complex with strong in-place income and proven upside.Bell Station itself consists of ten units across two buildings on one parcel. While featuring plenty of historic charm, the complex has had extensive, top-to-bottom renovations, with both cosmetic and system upgrades throughout. There is proven rent upside across multiple units, as well as the possibility of unlocking significant value by billing back utilities via RUBS or a similar program.The complex is strategically located just blocks from downtown La Grande, grocery, retail, and employment. Anchored by Eastern Oregon University, La Grande and the Grande Ronde Valley as a whole is a dynamic market, known for its arts scene, recreational opportunities, and natural beauty of the high desert.The Bell Station Apartments combines historic charm, a prime location, and strong upside, making it a compelling investment opportunity in the active La Grande community.

Location

State OR

County Union

Community Laundry

Area _440

Zoning LG-GC

Interior

Heating Forced Air

Exterior

Community Features Laundry

View City

Roof Type Composition

Garage No

Building

Lot Description Level

Story 2

Foundation Block

Sewer Public Sewer

Water Public Water

Level or Stories 2

Schools

Middle Schools Stella Mayfield

High Schools La Grande

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Regional Multiple Listing Service (RMLS)

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Randy Byrd

Broker | License ID: 201235026

+1(541) 570-5777

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