306 NW 1ST ST new Save Request In-Person Tour Request Virtual Tour
Enterprise,OR 97828
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,180 sqft
Price per Sqft $380
MLS Listing ID 157984943
Style Cabin, Log
Bedrooms 1
Full Baths 2
Year Built 2008
Annual Tax Amount $2,794
Tax Year 2024
Lot Size 8,276 Sqft
Property Sub-Type Single Family Residence
Property Description
Charming Investment Property Zoned for Short-Term Rentals in Downtown EnterpriseLocation: Nestled just minutes from downtown Enterprise, this property is ideally zoned for short-term rentals, making it a prime opportunity for both tourists and business travelers. Whether you're looking for a vacation rental investment or a property with steady income potential, this location offers exceptional appeal.**Property Setup:** This versatile property features two separate units:- **1-bedroom, 1-bath** unit- **studio with a bath** Perfect for renting one unit and living in the other, or renting both units for maximum income potential. The flexible layout offers endless opportunities.**Income Potential:** With a proven rental history and current cap rate of over 8%, this property offers a reliable and solid return on investment. It's a great choice for those looking to add a profitable short-term rental to their portfolio or enter the rental business.**Extras:** - **Two-car garage** for added convenience - **Additional shed** for extra storage - Ample space for **boat and RV parking**, appealing to renters with recreational vehicles. These features not only enhance the property's usability but also add significant value for renters, increasing overall appeal.**Growth Potential:** The property has notable **growth potential**, with opportunities to increase revenue through strategic pricing or upgrades. The increasing demand for short-term rentals in this area makes it an ideal choice for capitalizing on future trends.**Don't miss out on this exceptional investment opportunity**—contact us today to schedule a showing!
Location
State OR
County Wallowa
Area _470
Zoning C-1
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan, Furnished, Granite, Laminate Flooring
Heating Ductless, Mini Split, Zoned
Cooling Mini Split
Fireplaces Type Propane, Stove
Appliance Dishwasher, Free Standing Range, Free Standing Refrigerator, Granite, Microwave, Stainless Steel Appliance
Exterior
Exterior Feature Deck, Fenced, Guest Quarters, Porch, R V Parking, Second Garage, Tool Shed, Yard
Parking Features Attached,Detached
Garage Spaces 1.0
View City, Mountain, Trees Woods
Roof Type Composition
Accessibility GarageonMain,MainFloorBedroomBath
Garage Yes
Building
Lot Description Corner Lot, Level, Public Road
Story 1
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Enterprise
Middle Schools Enterprise
High Schools Enterprise
Others
Senior Community No
Acceptable Financing Cash,Conventional,VALoan
Listing Terms Cash,Conventional,VALoan