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1127-1195 6th Avenue

Albany, OR 97321
  • $2,825,000
  • STATUS: Active
  • ON SITE: 81 Days
  • MLS #: 220174616
UPDATED: 60 min ago
$2,825,000
  • 8
    BEDS
  • 1.4
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 10,389
    SQFT
  • $272
    $/SQFT
Type:
Multi-Family
Built:
1992
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided courtesy of DORE :.

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.

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Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Berkshire Hathaway HomeServices Northwest Real Estate. Data last updated: .2024-02-26T15:49:43.77
www.bendsunriverhomesforsale.com/homes/145815450
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1127-1195 6th Avenue Albany, OR 97321

  • Price: $2,825,000
  • Status: Active
  • On Site: 81 Days
  • Updated: 60 min ago
  • MLS #: 220174616
8
Beds
8
Baths
0
½ Baths
1.4
Acres
10,389
SQFT
$272
$/SQFT
1992
Built
Neighborhood:
Hackleman Heir's First Addition
County:
Linn
Area:
Albany
Elementary School:
Waverly Elem
Middle School:
Memorial Middle
High School:
West Albany High
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.
Exterior Features

Architectural Style Other Construction Materials Concrete Foundation Details Slab Levels One Lot Features LandscapedLevel Parking Details Numberof Carports 0 Parking Details Numberof Other Parking 20 Parking Features AsphaltParking Lot Road Surface Type Paved Roof Composition View Territorial

Interior Features

Appliances DisposalRangeRange HoodRefrigeratorWater Heater Basement None Cooling None Flooring LaminateVinyl Heating Natural GasWall Furnace Security Features Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s) Unit1 Square Footage 1370.00 Unit2 Square Footage 527.00 Unit3 Square Footage 525.00 Unit4 Square Footage 533.00 Window Features Double Pane WindowsVinyl Frames

Property Features

Additional Parcels YN No Association YN No CCAnd Rs YN No Cross Street Sherman St FIRPTAYN No Incomeand Expenses Annual Amounts Cap Rate 5.90 Incomeand Expenses Annual Amounts Gross Income 218400.00 Incomeand Expenses Annual Amounts Net Operatin 166565.00 Incomeand Expenses Annual Amounts Operating Ex 45283.00 Listing Terms CashConventional New Construction YN No Property Sub Type Multi Family Sewer Public Sewer Sign On Property YN Yes Special Listing Conditions Standard Tax Annual Amount 11616.00 Tax Year 2023 Unit1 Monthly Rent 1895.00 Unit1 Unit Number 1127 Unit2 Monthly Rent 1295.00 Unit2 Unit Number 1141 Unit3 Monthly Rent 1495.00 Unit3 Unit Number 1145 Unit4 Monthly Rent 1395.00 Unit4 Unit Number 1149 Unit5or More Unit List Attached Yes Water Source Public Zoning Albany-MS

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of DORE :.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Berkshire Hathaway HomeServices Northwest Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Berkshire Hathaway HomeServices Northwest Real Estate. Data last updated: .2024-02-26T15:49:43.77
 
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Berkshire Hathaway HomeServices Northwest Real Estate
805 SW Industrial Way Ste. 10
Bend OR, 97702
Listing provided courtesy of DORE :.