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Property Description

This is a beautiful property being offered at a 7.4% cap rate. Current rents on average are $105 below the market rent of $1,200. The sellers are leaving meat on the bone for the next investor. The Country West Apartments contains 41 units, all two bed 1 bath units. Most units have a patio with an attached storage unit. There is a laundry room and a fitness room for tenants to use. The property also has a fenced pet area in back. The roof was replaced 8 years ago along with new paint on the exterior and landscaping that won the reward for best landscape in La Grande. All landscaping has automated sprinklers and a drip system. The best part is the professional manager who is not afraid to push rents to new levels. Listing agent is related to both sellers.

Features
: Wall
: No Units
50
Appliances
: All units
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Address Map
US
OR
Union
La Grande
97850
2000 Gekeler Lane
W119° 54' 59.1''
N45° 18' 41.5''
Schools
La Grande School District 1
Central
La Grande
La Grande
Additional Details
Active
Apartment
2023
$29,443
No
41
51 - 80 Years
No
No
No
1 - 4.99 Acres
No
Not Applicable
: Wood Siding, Foundation - Crawl Space
: Composition shingle
: Sidewalks, Dog run, Finished Driveway
: City service
: All Units
: 5+ units

Residential Income For Sale

2000 Gekeler Lane, La Grande, Oregon 97850

36,028 SqFt
Visits : 52 in 80 days
$4,995,000
Listing ID #98901396
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Status : Active
Listing ID : 98901396
Price : $4,995,000
Apx SqFt : 36,028 SqFt
Year Built : 1972
Days on Market : 38
Subdivision : 0 Not Applic.
Update Date : 04/03/2024 15:55:51
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