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3858 Cairo Lane

Ontario, OR 97914
  • $425,000
  • STATUS: Active
  • ON SITE: 8 Days
  • MLS #: 98825981
UPDATED: 76 min ago
$425,000
  • 11
    BEDS
  • 3.16
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 4,890
    SQFT
  • $87
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Courtesy of Waldo Real Estate.

Description

Great investment property. 5 individual residences on 3.16 acres. 1 frame home built in 1937 and 4 Champion mobile homes built in 1981. Mobile homes are real property. Mobile homes don't have any foundations so property will not finance. All 5 homes share a well and septic tanks. Some tenants have known and rented from family for years. All residences share a common laundry area. Most units have refrigerators and ranges. Property is currently at a 6.8% cap. Accepted offers will be contingent upon buyer viewing residences. Seller shall not be responsible for removal of tenants. Information is not guaranteed by listing agency or it's representatives. All measurements are for estimation purposes only and should be verified by the buyer.

Directions: Travel south on Hwy 201 from Ontario to property across from Cairo Junction.

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© 2021 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Jeremy Orton Real Estate Group | Keller Williams are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2021-12-01T07:10:34.02.
www.realestatetwinfalls.com/homes/123490871
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3858 Cairo Lane Ontario, OR 97914

  • Price: $425,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 76 min ago
  • MLS #: 98825981
11
Beds
5
Baths
0
½ Baths
3.16
Acres
4,890
SQFT
$87
$/SQFT
1937
Built
Neighborhood:
0 Not Applic.
County:
Malheur
Area:
Ontario - 1600
Elementary School:
Cairo
Middle School:
Ontario Jr High
High School:
Ontario
School District:
Ontario School District 8C
Property Description
Great investment property. 5 individual residences on 3.16 acres. 1 frame home built in 1937 and 4 Champion mobile homes built in 1981. Mobile homes are real property. Mobile homes don't have any foundations so property will not finance. All 5 homes share a well and septic tanks. Some tenants have known and rented from family for years. All residences share a common laundry area. Most units have refrigerators and ranges. Property is currently at a 6.8% cap. Accepted offers will be contingent upon buyer viewing residences. Seller shall not be responsible for removal of tenants. Information is not guaranteed by listing agency or it's representatives. All measurements are for estimation purposes only and should be verified by the buyer.

Directions: Travel south on Hwy 201 from Ontario to property across from Cairo Junction.
Exterior Features

Construction FrameMobile Home Land Size 1 - 4.99 Acres Lot Dog RunGarden SpaceR.V. Parking Lot Size Length irregular Lot Size Width irregular Parking Spaces 10 Roof Metal

Interior Features

Apx Above Grade Sq Ft 4890 Apx Below Grade Sq Ft 0 Cooling Some Units Disposals No Units Heating Electric Refrigerator Some Units U1 Apx Sq Ft 105 U2 Apx Sq Ft 768 U3 Apx Sq Ft 768 U4 Apx Sq Ft 768 U5 Apx Sq Ft 768 Washer Dryer Hookups No Units Washer Dryers No Units

Property Features

Actual Rent Income 2600 Age 81+ Years Annual Net Operating Income 28976 Assoc Setup Transfer Fees 0 Association Fees 0 Association Frequency Not Applicable Auction YN No City Bus No Docs On File LeaseSurvey/PlatProperty DisclosureLead Based Paint DisclLengthy Legal Description Flood Ins Required YN No Garbage 82 Gross Operating Income 31200 Hazard Insurance 1504 Home Owner Exempt YN No In Foreclosure YN No Irrigation District YN No Land Use 5+ Units Local Improvement Dist YN No Mineral Rights No Multifamily Type Other Potential Short Sale YN No Reo Bank Owned YN No Sewer Exp Septic Tax Year 21 Taxes 1576.07 Terms Cash Total Annual Expense 2223 U1 Actual Monthly Rent 600 U2 Actual Monthly Rent 500 U3 Actual Monthly Rent 500 U4 Actual Monthly Rent 500 U5 Actual Monthly Rent 500 Water Exp Shared Well Zoning C-Rsc

Courtesy of Waldo Real Estate.


© 2021 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Jeremy Orton Real Estate Group | Keller Williams are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2021-12-01T07:10:34.02.
 
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Jeremy Orton Real Estate Group | Keller Williams
647 Filer Ave., Ste 101
Twin Falls ID, 83301
Courtesy of Waldo Real Estate.