Courtesy of DORE, TIM RIST, Cell: 541-250-1065 

ACTIVE

1127 6th (-1195) Av

Albany OR, 97321

$2,590,000


$249.30 per sqft

ACTIVE

10,389 sqft

Multi-family

Built in 1992

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.

811702

MLS ID

December 5, 2023

Listed

May 9, 2024

Updated

Map

1127 6th (-1195) Av
Albany OR, 97321

Interior Features

Appliances

Yes, Gas, Gas, Range Included, Refrigerator Included


Laundry Description

Laundry Center, W/D Hookup


Floor Description

Laminate, Vinyl


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Gas, Wall Furnace

Exterior/Building Features

Lot Size

1.4 Acres


Lot Features

Yes


Roof

Composition


Sewer

City

School Information

School District

4


High School

West Albany


Elementary School

Waverly

Other Property Details

Area Name

80 LINN COUNTY


Taxes

$11,616


Tax Frequency

Annually


Garage

No


View

Yes


View Description

Territorial


County

Linn


Municipality

West Albany


Water Source

City


Pool

No


Buyer Agency Compensation

2.77%

Listing History

Date

Event

Price

2/29/2024

Price Change

$2,590,000

-9%

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 Willamette Valley Multiple Listing Service. All rights reserved.

Powered byLuxury Presence