21134886,  Mallard Heights Apartments - Elgin, OR

870 N 15th Ave, Elgin, OR, 97827
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Ref # : 21134886

For Sale $ 1,200,000
Constructed in 2000 using HOME funds from Oregon Housing and Community Services, Mallard Heights 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. Apartments have very low vacancy and are well-maintained. Situated on 1.82 acres with paved parking, concrete sidewalks, private patios, and on-site laundry facilities. The adjacent 1.42 acre buildable lot is also included.

Loan expires 6/1/2031- 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 broker is related to owners. Call Lindsey Chrisman for more details!
See also:
Emily Drive Apartments – 10700 Emily Dr, Island City, OR 97850 – 11-unit complex – offered at $1,100,000
Ramo Flats Apartments – 1091 S Main St, Union, OR 97883 – 11-unit complex – offered at $1,100,000

Features

Building Information

Built on: 2000

Land Information

Total acres: 3.24 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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