715 Cascade AVE Hood River, OR97031
$2,550,000
12 total units
3 total bedrooms
2 total bathrooms
$164,640 annual income
Capitilization Rate: 3.77
9720 total sq. ft
1 to 2.99 Acres
Elementary School: May Street
Middle School: Hood River
High School: Hood River Vall
Zoning: C1
1670 days on market
VestorFilter™
Price per unit$212.5K/unit
Price per ft²$262.35/ft²
Recent price drop$650,000
Price per acre$2.55M/ac
Price per bedroom$850K/bed
Time on market1670 days
Property Description
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.
{{ compliance-logo }}Listing Provided By Cascade Sotheby's International Realty
Financial Data
Date Sold2020-12-11
Sold Price$2,550,000
Price ChangeDropped $650,000 on 12/11/2020
Total $650,000 drop
Total $650,000 drop
Original Price$3,200,000
Current Price$2,550,000
Property Taxes$7,660
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Home Facts
StatusSold
Year Built1963
Green/Energy SupplementNo
Exterior Features
MLS ID19350240
Unit Details
Unit 1
Unit 2
