2000 Gekeler Lane

2000 Gekeler Lane

La Grande, OR 97850

$4,995,000
Price
—
Beds
36,028 Sq. Ft.
$139 / Sq. Ft.
36,028
Sq. Ft.
$139
per Sq. Ft.

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...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.
  1. Listed by Jared Stasch • Keller Williams Realty Boise

Property Details for 2000 Gekeler Lane

Parking Features
Finished Driveway

Location

Listing Courtesy of Keller Williams Realty Boise
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LISTING UPDATED: 04/03/2024 12:17 PM

Property Details for 2000 Gekeler Lane

StatusActive
MLS #98901396
Days on Market75
Taxes$29,443 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1972
CountyUnion County

Location

Listing Courtesy of Keller Williams Realty Boise
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Building Information for 2000 Gekeler Lane

Building/Complex2000 Gekeler LnFloor-Stories-Residences41Pet Policy-Year Built1972Building Size-

Payment Calculator

$29,713 per month

30 year fixed, 7.25% Interest

Principal and Interest

$27,260

Property Taxes

$2,454

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2000 Gekeler Lane

Summary
Taxes and HOA
  • Tax Legal Description: 03S3808-DC-01100
  • Tax Year: 2023
  • Parcel Number: 03S3808DC01100
School Information
  • Elementary School: Central
  • Elementary School District: La Grande School District 1
  • HighSchool: La Grande
  • HighSchool District: La Grande School District 1
  • Middle Or Junior School: La Grande
  • Middle Or Junior School District: La Grande School District 1
Parking
  • Open Parking: Yes
  • Parking Total: 50
Property
Lot Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Total: 36028.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area: 36028.0
  • Living Area Units: Square Feet
  • Lot Features: 1 - 4.99 Acres, Dog Run, Sidewalks
  • Lot Size Dimensions: 500x220
  • Lot Size Units: Acres
Property and Assessments
  • Photos Count: 8
  • Year Built: 1972
Utilities
  • Utilities: Sewer Connected
  • Water Source: City Service
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Fencing: Partial
  • Roof: Composition
Interior Features
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Cooling: None
  • Cooling Available: No
  • Flooring: Laminate, Vinyl
  • Foundation Details: Crawl Space
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: Washer/Dryer Hookups (No Units)
Multi Family
Multi-Family Information
  • Number Of Units Total: 41

Property History for 2000 Gekeler Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2000 Gekeler Lane

Taxable ValueLand$202,890Additions$1,513,460Total$1,716,350
Tax Record2023$30,354 ($2,529 / month)
Home Facts
Total Finished SqFt18,019 SqFtAbove Grade Finished SqFt18,019 SqFtLot Size110,642 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningLG-R3;HIGH DECountyUNIONAPN03S3808DC 1100

Schools near 2000 Gekeler Lane

This home is within La Grande School District 1.
Rating
School
Type
Grades
Distance
Central Elementary School
Public - K to 5
La Grande Middle School
Public - 6 to 8
La Grande High School
Public - 9 to 12
Greenwood Elementary School
Public - K to 5
Rating
School
Distance
Central Elementary School
PublicK to 5

La Grande Middle School
Public6 to 8

La Grande High School
Public9 to 12

Greenwood Elementary School
PublicK to 5

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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More information about 2000 Gekeler Lane, La Grande, OR 97850

2000 Gekeler Lane is a multi-family home for sale in La Grande, OR 97850. This property was listed for sale on February 26, 2024 by Keller Williams Realty Boise, it's currently listed at $4,995,000. This listing's school district is La Grande School District 1. Nearby schools include Central Elementary School, La Grande Middle School and La Grande High School. 2000 Gekeler Lane is a 0-bed, 0-bath, 36,028 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Boise

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2024 RMLS, Portland, Oregon. Last updated: 04/03/2024 12:17 PM