$ 2,100,000
1127 6TH AVE SE Albany, OR 97321
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Listed by DORE
$ 2,100,000
Est. payment | /mo
9,039 SqFt
$ 2,100,000
Est. payment | /mo
9,039 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,039 sqft
Price per Sqft $232
MLS Listing ID 23369186
Year Built 1992
Annual Tax Amount $11,615
Tax Year 2023
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.
Location
State OR
County Linn
Community Laundry
Area _221
Zoning MS
Rooms
Basement None
Interior
Heating Wall Furnace
Exterior
Community Features Laundry
View Territorial
Parking Type Open, Paved
Garage No
Building
Lot Description Level
Story 1
Foundation Slab
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Waverly
Middle Schools Memorial
High Schools West Albany
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Mitch Foteff
Partner | Lic# LIC# 201106062