1127 Southeast 6th Avenue
1127 Southeast 6th Avenue
Albany, OR 97321
$2,590,000
Price
—
Beds
9,039 Sq. Ft.
$287 / Sq. Ft.
9,039
Sq. Ft.
$287
per Sq. Ft.
Virtual Tour
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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...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.
- Listed by Tim Rist • DORE
Property Details for 1127 Southeast 6th Avenue
Parking Features
Open, Paved
ZoningMS
ViewTerritorial
Location
Listing Courtesy of DORE
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LISTING UPDATED: 02/29/2024 12:50 PM
Property Details for 1127 Southeast 6th Avenue
| Status | Active |
|---|---|
| MLS # | 23369186 |
| Days on Market | 145 |
| Taxes | $11,616 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1992 |
| Lot Size | - |
| County | Linn County |
Location
Listing Courtesy of DORE
Add your commute
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Building Information for 1127 Southeast 6th Avenue
Stories1Residences11Year Built1992Building Size-Lot Size-
Payment Calculator
$15,103 per month
30 year fixed, 7.25% Interest
Principal and Interest
$14,135
Property Taxes
$968
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1127 Southeast 6th Avenue
Summary
Location and General Information
- Country: US
- Directions: From Pacific Blvd SE, North on Sherman St SE, West on 6th St
- Road Surface: Paved
School Information
- Elementary School: Waverly
- High School: West Albany
- Middle Or Junior School: Memorial
Taxes and HOA
- Tax Year: 2023
- Tax Annual Amount: $11,615.55
- Parcel Number: 0776425
- Tax Legal Description: 11S03W07AA
Virtual Tour
- Video Virtual Tour 1 URL: https://youtu.be/4PZgYx6TcTI
Property
Lot Information
- Lot Description: Level
- Lot Size Range: Acres1to3
- Lot Size: 1 to 2.99 Acres
Property and Assessments
- Property Type: Multi Family
- Water Description: Public Water
- Property Condition: Updated Remodeled
- Year Built: 1992
Utilities
- Fuel Description: Gas
- Heating Description: Wall Furnace
- Hot Water Description: Gas
- Sewer Description: Public Sewer
- Rent Includes: None
Interior and Exterior Features
Interior Features
- Basement: None
- Foundation Details: Slab
- Stories: 1
Multi Family
Multi-Family Information
- Number Of Units Total: 11
- Gross Income Actual: $218,400.00
- Gross Rent Multiplier: $11.86
- Investor Information: Leases, Profit Loss Statement
- Net Income Actual: $166,565.00
- Operating Expense: $45,283.00
- Security Features: Fire Sprinkler System, Sidewalk
- Storage: Attached, Garage
- Unit Type Type: Unit Type Type1, Unit Type Type10, Unit Type Type2, Unit Type Type3, Unit Type Type4, Unit Type Type5, Unit Type Type6, Unit Type Type7, Unit Type Type8, Unit Type Type9
- Common Amenities: Laundry
- SqFt Approximate Building Total: 9039
Unit 1 Information
- Unit Type 1 Baths Total: 1
- Unit Type 1 Beds Total: 0
- Unit Type 1 Features: Disposal, Range, Refrigerator
- Unit Type 1 Rent: $950
- Unit Type 1 SqFt: 448.0
- Unit Type 1 Units Total: 1
Unit 2 Information
- Unit Type 2 Baths Total: 1
- Unit Type 2 Beds Total: 0
- Unit Type 2 Features: Disposal, Range, Refrigerator
- Unit Type 2 Rent: $1,000
- Unit Type 2 SqFt: 712.0
- Unit Type 2 Units Total: 1
Unit 3 Information
- Unit Type 3 Baths Total: 1
- Unit Type 3 Beds Total: 0
- Unit Type 3 Features: Disposal, Range, Refrigerator
- Unit Type 3 Rent: $1,295
- Unit Type 3 SqFt: 527.0
- Unit Type 3 Units Total: 1
Unit 4 Information
- Unit Type 4 Baths Total: 1
- Unit Type 4 Beds Total: 0
- Unit Type 4 Features: Disposal, Range, Refrigerator
- Unit Type 4 Rent: $1,395
- Unit Type 4 SqFt: 485
- Unit Type 4 UnitsTotal: 2
Unit 5 Information
- Unit Type 5 Baths Total: 1
- Unit Type 5 Beds Total: 0
- Unit Type 5 Features: Disposal, Range, Refrigerator
- Unit Type 5 Rent: $1,495
- Unit Type 5 SqFt: 468.0
- Unit Type 5 Units Total: 1
Unit 6 Information
- Unit Type 6 Baths Total: 1
- Unit Type 6 Beds Total: 0
- Unit Type 6 Rent: $1,495
- Unit Type 6 SqFt: 525.0
- Unit Type 6 Units Total: 1
Unit 7 Information
- Unit Type 7 Baths Total: 1
- Unit Type 7 Beds Total: 0
- Unit Type 7 Rent: $1,495
- Unit Type 7 SqFt: 652
- Unit Type 7 Units Total: 1
Unit 8 Information
- Unit Type 8 Baths Total: 2
- Unit Type 8 Beds Total: 2
- Unit Type 8 Rent: $1,895
- Unit Type 8 SqFt: 1370.0
- Unit Type 8 Units Total: 1
Unit 9 Information
- Unit Type 9 Baths Total: 2
- Unit Type 9 Beds Total: 3
- Unit Type 9 Rent: $1,995
- Unit Type 9 SqFt: 1206.0
- Unit Type 9 Units Total: 1
Unit 10 Information
- Unit Type 10 Baths Total: 0
- Unit Type 10 Beds Total: 0
- Unit Type 10 Features: Storage
- Unit Type 10 Rent: $1,000
- Unit Type 10 SqFt: 675.0
- Unit Type 10 Units Total: 1
Public Records for 1127 Southeast 6th Avenue
Taxable ValueLand-Additions-Total-
Tax Record2022$8,634 ($719 / month)
Home Facts
Total Finished SqFt7,866 SqFtAbove Grade Finished SqFt7,866 SqFtStories1Lot Size60,984 SqFtStyleMulti-Family Res (5+ Units)Year Built1992CountyLINNAPN11S 03W 07AA 00103Fireplace TypeHas Fireplace
Schools near 1127 Southeast 6th Avenue
This home is within Greater Albany Public School District 8j.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Waverly Elementary School PublicK to 5 | ||
Memorial Middle School Public6 to 8 | ||
West Albany High School Public9 to 12 | ||
Albany Options School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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