10 W Sprague St - Residential Income FOR SALE


Echo, OR 97826
$1,085,000 USD
503-383-8333
10 W Sprague St, Echo, OR for Sale
$1,085,000 USD
Residential Income - FOR SALE
1/21
null | Request Cap Rate

10 W Sprague St
Echo, OR 97826


HIGHLIGHTS

  • Three-Plus Rental or Lease Income Streams, Riverfront Property, Seller will Carry Contract

OVERVIEW

Seller will carry contract at 5% interest with Down Payment of $350.000. Interest Rate Negotiable for Down Payments above $350,000. This amazing 22-acre property offers privacy, seclusion, and a peaceful, natural environment with endless possibilities for enjoyment and several income-producing features. It includes a small vineyard, a charming 3 Bedroom, 2.5 Bath 2-story home, and a consistently rented, income-producing Apartment above the Garage for short- or long-term use; rentable RV spaces at approximately $600 per month; an income-producing campground, and leasable or personally usable farm/ranch land. Four (4) tax lots are included in the sale. Water rights certificate on file for 3 acres. The property features gorgeous walkways on the river bank and through unspoiled wooded areas. This property is close to quaint, historic Downtown Echo: Nic's Corner Bistro and Coffee Shop, the H & P Cafe, a beautiful Public Library, local wineries, Echo Historical Museum, and Fort Henrietta Park, a historic site that comprises the Covered Wagon Museum and the Antique Fire Equipment Museum. Echo Hills Golf Course is located 1 mile away; 3.5 miles to Sno Road Winery Walking Trails; 25 miles historic Pendleton's Round-Up grounds and Hall of Fame Museum. Current leases for farming/ranching and well-established campground on included parcels are negotiable. Lessees have agreed to terminate their leases or to remain, Buyer's choice. Find your Happy Place fishing in your own Steelhead hole on the beautiful Umatilla River!

FOR SALE DETAILS

PRICE

$1,085,000 USD

PRICE/SF

$493 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Echo River Farms

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential/Recreational

APN/PARCEL ID

156448

ASK ABOUT THIS PROPERTY

Kay JohnsonWindermere Pacific West Properties, Inc.More Info
503-383-8333

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Kay JohnsonWindermere Pacific West Properties, Inc.More Info
503-383-8333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.