160 Main Street North

160 Main Street North

Vale, OR 97918

$370,000
Price
7
Beds
5
Baths
4,439 Sq. Ft.
$83 / Sq. Ft.
4,439
Sq. Ft.
$83
per Sq. Ft.

Description

Well maintained historic building with a true 10%+ CAP RATE! What more can you ask for?? The main level has always been used for commercial purposes (most recently a bakery), but has been added as a residential rental to create a total of 7 monthly rent incomes from the property. Just a few of the updates include electrical, roof, recaulking of exterior bricks, flooring, painting, bathrooms, furniture & appliances. Complete list is available under the doc tab. This property also qualifies for the...Well maintained historic building with a true 10%+ CAP RATE! What more can you ask for?? The main level has always been used for commercial purposes (most recently a bakery), but has been added as a residential rental to create a total of 7 monthly rent incomes from the property. Just a few of the updates include electrical, roof, recaulking of exterior bricks, flooring, painting, bathrooms, furniture & appliances. Complete list is available under the doc tab. This property also qualifies for the Downtown Beautification Grant that matches up to $5000 toward any future updates.
  1. Listed by Rachael Simonsen • Silvercreek Realty Group
  2. Listed by Donna Gill • Silvercreek Realty Group

Amenities

  • Common Outdoor Space
  • Forced Air
  • Gas Heat
  • Vinyl Floors

Location

Listing Courtesy of Silvercreek Realty Group
Add your commute
LISTING UPDATED: 05/23/2024 07:58 AM

Property Details for 160 Main Street North

StatusActive
MLS #98911011
Days on Market30
Taxes$1,215 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1907
Lot Size-
CountyMalheur County

Location

Listing Courtesy of Silvercreek Realty Group
Add your commute

Building Information for 160 Main Street North

Stories-Residences5Year Built1907Building Size-Lot Size-

Payment Calculator

$2,120 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,019

Property Taxes

$101

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 160 Main Street North

Summary
Location and General Information
  • Zoning Description: COMMERCIAL
Taxes and HOA
  • Tax Legal Description: IN BLOCK 25: THE WEST 28.25 FEET OF LOT 5
  • Tax Year: 2024
  • Parcel Number: 18S4520CD 4776
School Information
  • Elementary School: Vale K-8
  • Elementary School District: Vale School District 84
  • HighSchool: Vale
  • HighSchool District: Vale School District 84
  • Middle Or Junior School: Vale Jr. High
  • Middle Or Junior School District: Vale School District 84
Parking
  • Parking Total: 4
Property
Lot Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Total: 4439.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area: 4439.0
  • Living Area Units: Square Feet
  • Lot Features: Small Lot 5999 SF, Sidewalks
  • Lot Size Dimensions: 28.25x94
  • Lot Size Units: Acres
Property and Assessments
  • Documents Available: Survey/Plat, Property Disclosure
  • Photos Count: 39
  • Year Built: 1907
Utilities
  • Utilities: Sewer Connected
  • Water Source: City Service
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Roof: Other
Interior Features
  • Appliances: Stove/Range (Some Units), Refrigerator (Some Units), Washer/Dryer (No Units)
  • Cooling: Some Units
  • Cooling Available: Yes
  • Electric: 3060
  • Flooring: Vinyl
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Washer/Dryer Hookups (No Units)
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 7
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Income & Expenses Information
  • Net Operating Income: $38,400.00
  • Operating Expense: $10,800.00
Rental
Rental Information
  • Total Actual Rent: $4,100

Property History for 160 Main Street North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 160 Main Street North

This home is within Vale School District 84.
Rating
School
Type
Grades
Distance
Vale Elementary School
Public - K to 6
Vale Middle School
Public - 7 to 8
Vale High School
Public - 9 to 12
Willowcreek Elementary School
Public - 1 to 8
Rating
School
Distance
Vale Elementary School
PublicK to 6

Vale Middle School
Public7 to 8

Vale High School
Public9 to 12

Willowcreek Elementary School
Public1 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 160 Main Street North, Vale, OR 97918

160 Main Street North is a multi-family home for sale in Vale, OR 97918. This property was listed for sale on May 17, 2024 by Silvercreek Realty Group, it's currently listed at $370,000. This listing's school district is Vale School District 84. Nearby schools include Vale Elementary School, Vale Middle School and Vale High School. 160 Main Street North is a 7-bed, 5-bath, 4,439 sqft multi-family home built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Silvercreek Realty Group

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 05/23/2024 07:58 AM