Home For Sale In La Grande, Oregon

house for sale

Listed: 03/19/24

51 Aries Lane, La Grande, OR 97850, USA

Studio Bed:

36,028 Sq Ft Living Area:

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Price

$ 5,1M

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About This House

This is a beautiful property being offered at a 7.4% cap rate. Current rents on average are $105 below the market rent of$1, 200.The sellers are leaving meat on the bone for the next investor. The Country West Apartments contains 41 units, all two bed 1 bath units. Most units have a patio with an attached storage unit. There is a laundry room and a fitness room for tenants to use. The property also has a fenced pet area in back. The roof was replaced 8 years ago along with new paint on the exterior and landscaping that won the reward for best landscape in La Grande. All landscaping has automated sprinklers and a drip system. The best part is the professional manager who is not afraid to push rents to new levels. Listing agent is related to both sellers.

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Original listing

La Grande Housing & Living

Household Income

Median household income: $40,750

Number of households: 5,315

The average household income in La Grande, OR grew from $40,511 to $40,750 in the past year. This data is an estimate based upon 5,315 households in La Grande, OR.
The chart below presents how household income is distributed in La Grande, OR in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in La Grande, OR compared to median property taxes around the country. The prevalent amount of property taxes in La Grande, OR equals $2k-$3k , which is less than the national average.