Homes for sale - 306 NW 1ST ST, Enterprise, OR 97828

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MORE Realty

info@morerealty.com +1(877) 344-6673

Listed by Real Estate Associates • 541-432-4060

$449,000

Est. payment - /mo

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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

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Regional Multiple Listing Service (RMLS)

+1(877) 344-6673

info@morerealty.com

16037 SW Upper Boones Ferry Rd Suite 150, Tigard, OR, 97224

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306 NW 1ST ST Enterprise, OR 97828