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Sold about 2 years ago

$50,000

1 bd 1 ba 1440 sqft

122 S Nelson St, Mitchell, OR 97750

Residential SFR Needs Repairs

Current Rent **

N/A

Projected Rent **

$500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Attention investors or DIYer's

Ready to roll up your sleeves and take on a project? Well bring your tools 'cuz here's your chance to own a 1900 era house. There is a fair amount of work that needs to be done to bring it back to it's full potential. Recent updates include a new electric panel and city water lines to the house. No septic. Located just a few miles from the Painted Hills National Monument, Lucky Strike Mine, John Day Fossil Beds, John Day River and Rowe Creek Reservoir, the ''Old West'' town of Mitchell is the ideal ''home base'' for outdoor enthusiasts with a grocery store, brewery, café, shops and yearly festivals. High speed internet is available. Property is being sold from an Estate and buyer to perform own due diligence on all aspects of the building, tax lots and permitted use.

Location:

122 S Nelson St, Mitchell, OR 97750

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.