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Listed by TIM RIST • DORE • Cell: 541-250-1065
$2,100,000
Est. payment /mo
10,389 SqFt
Active
1127 6th (-1195) Av SE SE Albany, OR 97321
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UPDATED:
11/02/2024 07:20 PM
Key Details
Property Type Multi-Family
Sub Type Multi- (5+)
Listing Status Active
Purchase Type For Sale
Square Footage 10,389 sqft
Price per Sqft $202
MLS Listing ID 811702
Year Built 1992
Annual Tax Amount $11,616
Tax Year 2023
Lot Size 1.400 Acres
Acres 1.4
Property Description
Prime Investment: The Station features 11 trendy move-in ready units, boasting a 5.9% cap rate - $212,000 gross income and $166,565 NOI. Extensive upgrades including electrical, plumbing, HVAC, windows, siding, kitchens, bathrooms, parking lot, bike storage, onsite laundry, and new stormwater and fire suppression systems. Unlock additional income with 3 more unfinished units, for a total of 14 doors, not including rentable storage, and a large 1.4 acre lot with space for more construction in the rear. Comprehensive showings upon accepted offer.
Location
State OR
County Linn
Area 80 Linn County
Interior
Hot Water Gas
Heating Gas, Wall Furnace
Flooring Laminate, Vinyl
Laundry Laundry Center, W/D Hookup
Exterior
View Territorial
Roof Type Composition
Building
Foundation Slab
Sewer City
Water City
New Construction No
Schools
Elementary Schools Waverly
Middle Schools Memorial
High Schools West Albany
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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