1169 6TH SE AVE, Albany, OR 97321

$1,250,000

Listing courtesy of eXp Realty, LLC.

List Price
$1,250,000
Price Change
▼ $120,000 1553915253
MLS#
19037745
Property Type
Multifamily
Lot Size
1 to 2.99 Acres
Region
Linn County
Status
ACTIVE

Property Description

Unique apartment complex with 11 rent-able units (7 studios/2 studio lofts/1-2 bed 2 bath/1-3 bed 2 baths). Lots of potential with this charming property. Possibility of 3 more units that are currently unfinished but framing was started. Onsite laundry for the studio apts, not currently in use. 5 storage units. Large property with space to build additional units, (buyer to do due diligence). Great investment with lots of potential.

Additional Information

Tax Amount
$7,626
Year Built
1980
Stories
2
Fuel Description
Gas
Heating Description
Wall Furnace
Hot Water Description
Gas
Sewer Description
Public Sewer
Water Description
Public
View
Park/Greenbelt
Sq Ft Approximate Building Total
7866
Capitalization Rate
5.64
Operating Expenses Actual
42586
Gross Income Actual
124330
Gross Rent Multiplier
10.05
Net Income Actual
81745
Occupancy Types
Month to Month
Utilities Included
Trash Collection, Sewer, Water
Parking Description
Open
Number Of Units Total
11
Unit Type One Baths Total
2
Unit Type One Beds Total
3
Unit Type One Rent
1450
Unit Type One Sq Ft
1206
Unit Type One Units Total
1
Unit Type Two Baths Total
2
Unit Type Two Beds Total
2
Unit Type Two Rent
1250
Unit Type Two Sq Ft
1370
Unit Type Two Units Total
1
Unit Type Three Baths Total
1
Unit Type Three Beds Total
1
Unit Type Three Rent
900
Unit Type Three Sq Ft
500
Unit Type Three Units Total
2
Unit Type Four Baths Total
1
Unit Type Four Beds Total
1
Unit Type Four Rent
750
Unit Type Four Sq Ft
527
Unit Type Four Units Total
1
Unit Type Five Baths Total
1
Unit Type Five Beds Total
1
Unit Type Five Rent
900
Unit Type Five Sq Ft
533
Unit Type Five Units Total
1

Mortgage Calculator

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Calculator source: Real Geeks

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