2116 ADAMS AVE

Exceptional investment opportunity in the vibrant center of La Grande, Oregon! This property presents an ideal fusion of comfortable living and a lucrative hospitality venture with an annual NOI of $61,176 and a current CAP rate of 5.56. Located in the heart of downtown La Grande on Highway 30, this property boasts a 9-unit motel along with a generously sized residential home. The main residence has 2 large bedrooms, 1 bath, laundry, 2 kitchens, a dining area, a living room, and an office so you can comfortably live on-site while managing the motel property. Each of the 9 motel units ranges from 200 to 400 square feet in size. Five of these units are equipped with kitchens, ensuring guests have the option of preparing meals in the comfort of their own space. Additionally, all units are furnished with 55" TVs. On-site amenities include a patio, laundry facility, ice machine, parking, and convenient storage. Currently, 7 out of the 9 units are generating a monthly income of $6,265, with the remaining 2 units undergoing renovation. This outstanding income stream provides a foundation for your investment with excellent returns. Situated right across the street from Safeway and within walking distance to popular restaurants, shopping, parks, Eastern Oregon University, and Grande Ronde Medical Center, guests will enjoy the convenience and attractions offered by the area. This strategic location ensures a steady flow of guests, making this investment an even more attractive proposition. **"Buyer to do their own due diligence on hotel + house total sq ft."