21513024,  Emily Drive Apartments - Island City, OR

10700 Emily Drive, La Grande, OR, 97850
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Ref # : 21513024

For Sale $ 1,100,000
Built in 2004 using HOME funds from Oregon Housing and Community Services, Emily Drive Apartments is an 11-unit complex serving individuals/households that are 62 years and older and/or disabled of any age. These are LOW-INCOME HOUSING. The property is well-kept with paved parking, concrete patios and walkways, landscaping, security lighting and a courtyard. There is a common area with on-site laundry. Low vacancy. Located just a half mile from a retail hub including a Walmart Supercenter.

Loan expires 9/30/2033 - apartments could be taken to market rate then. Buyer will be subject to current restrictive covenants and will need approved by Oregon Housing for transfer of ownership. Site plans, financial statements and other info available to qualified buyers. Managed by Viridian Management. This property will not qualify for a loan and is cash only. Experience with government-restricted housing is a must. Listing agent is related to owners. Call listing agent Lindsey Chrisman for more information!
See also:
Ramo Flats Apartments – 1091 S Main St, Union, OR 97883 – 11-unit complex – offered at $1,100,000
Mallard Heights Apartment – 870 N 15th Ave, Elgin, OR 97827 – 11-unit complex – offered at $1,200,000

Features

Building Information

Built on: 2004

Land Information

Total acres: 0.98 Acres
 Accessibility Amenities
Handicap Facilities
One Level

Location

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  • Phone: (541) 432-5000
  • Mobile: (541) 398-8065
  • Fax: (541) 432-5001
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