1127 6th (-1195) Av SE SE Active

Albany,OR 97321

$ 2100000

- Bed

- Bath

10389 SqFt


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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