980 COMMERCIAL STMonroe, OR97456

$549,000
6 bedrooms
2 bathrooms
3300 sq. ft
0.4 acres
SqFt15000to19999
Elementary School: Monroe
Middle School: Monroe
High School: Monroe
103 days on market

VestorFilter™

Price per ft²$166.36/ft²
Recent price drop$16,000
Price per acre$1.37M/ac
Price per bedroom$91.5K/bed
Time on market103 days
Smart Fixer ListYes
980 COMMERCIAL ST (1 of 10)

Property Description

Located in Monroe, the heart of Oregon's wine country. The Alpine Inn is a restored 1912 Craftsman with 6 bedrooms and currently 2 bathrooms. There is potential to put 4 more bathrooms in the closets of the upstairs bedrooms to make suites. There have been only two other previous owners. Currently it is operating as a boarding house but could be a Bed and Breakfast. There is a full unfinished basement, detached garage (no value) and extra city lot. The current rates of $40 a night are well below market rates. Annual income is $78,000. The property is being sold "as is". Seller to do no repairs. Escrow hold back for new roof. Furnishings negotiable outside of Escrow. Contingent on Seller closing on replacement property.

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Financial Data

Price ChangeDropped $16,000 on 04/15/2024
Total $146,000 drop
Original Price$695,000
Current Price$549,000
Property Taxes$2,531

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Home Facts

StatusActive
Year Built1912
Stories2
Interior Features
Exterior Features
Garage
MLS ID24620570
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