1127-1195 6th Ave SE - Apartments FOR SALE


Albany, OR 97321
$1,990,000 USD
541-250-1065
1127-1195 6th Ave SE, Albany, OR for Sale
$1,990,000 USD
Apartments - FOR SALE
1/59
null | 5.9% Cap Rate

1127-1195 6th Ave SE
Albany, OR 97321


OVERVIEW

Prime Investment: The Station features 11 trendy units, boasting a projected $212,000 in gross income and $166,565 NOI. Extensive upgrades including electrical, plumbing, HVAC, windows, siding, kitchens bathrooms, parking lot, bike storage, onside 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. Complimentary management included for the first year with full price offer.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

11

PRICE/UNIT

$180,909

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Station Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

Albany-MS

APN/PARCEL ID

0776425

ASK ABOUT THIS PROPERTY

Tim RistDiscover: Oregon Real EstateMore Info
541-250-1065

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Tim RistDiscover: Oregon Real EstateMore Info
541-250-1065

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.