1500 2nd St
Umatilla, OR 97882
Marina Apartments · Multifamily Property For Sale
·
80 Units
PROPERTY FACTS
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.18 AC |
| Building Size | 76,083 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | R2 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Freezer
- Patio
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
ABOUT 1500 2ND ST , UMATILLA, OR 97882
The subject property consists of two adjoining apartment complexes operated as one entity. Columbia Crest occupies the western portion of the site contains 48 units within eight two story buildings and was completed in 1974. The Marina occupies the east portion of the site and was completed between 1976 and 1979 contains 32 units in five two story buildings. Total site contains approximately 4.18 acres. Electric heat with individually metered electric paid by tenant. Landlord pays water, sewer and garbage. Owner recently (2014-2015) replaced siding, roofs, windows and doors on two of the six unit buildings for approximately
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $512.50 | 829 |
| 2+1 | 39 | $637.50 | 792 - 969 |
| 3+1 | 37 | $675.00 | 1,020 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,918,240 | |
| Land Assessment | $187,680 | Total Assessment | $2,105,920 |
