1169 6TH Ave SE

    Albany, OR 97321
    • $1,250,000
    • STATUS: Pending
    • ON SITE: 164 days
    • MLS #: 19037745
    Under Contract
    UPDATED: 57 min ago
    $1,250,000
    • 13
      BEDS
    • N/A
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 7,866
      SQFT
    • $159
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    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.

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    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 Change Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-07-21T10:59:15.597.Data deemed reliable but not guaranteed.

    Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Change Realty and should be independently verified.
    www.changerealtynow.com/homes/91627627

    1169 6TH Ave SE Albany, OR 97321

    • Price: $1,250,000
    • Status: Pending
    • Updated: 57 min ago
    • MLS #: 19037745
    13
    Beds
    12
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,866
    SQFT
    $159
    $/SQFT
    1940
    Built
    Neighborhood:
    221-Linn County
    County:
    Linn
    Area:
    221-Linn County
    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.
    Exterior Features

    Lot Description Level Lot Size 1 To 2.99 Acres Parking Description Open View Park/Greenbelt View YN Yes Water Description Public

    Interior Features

    Heating Description Wall Furnace Hot Water Description Gas Unit Features RangeRefrigeratorWasher/DryerWindow Coverings Unit Type1 Features RangeRefrigeratorWasher/DryerWindow Coverings Unit Type1 Sq Ft 1206 Unit Type10 Sq Ft 400 Unit Type2 Features RangeRefrigeratorWindow Coverings Unit Type2 Sq Ft 1370 Unit Type3 Features RangeRefrigeratorWindow Coverings Unit Type3 Sq Ft 500 Unit Type4 Features RangeRefrigeratorWindow Coverings Unit Type4 Sq Ft 527 Unit Type5 Features RangeRefrigeratorWindow Coverings Unit Type5 Sq Ft 533 Unit Type6 Features RangeRefrigeratorWindow Coverings Unit Type6 Sq Ft 425 Unit Type7 Sq Ft 712 Unit Type8 Features RangeRefrigeratorWindow Coverings Unit Type8 Sq Ft 652 Unit Type9 Features RangeRefrigeratorWindow Coverings Unit Type9 Sq Ft 448

    Property Features

    Bank Owned YN No Capitalization Rate 6.54 Country Us Fuel Description Gas Gross Income Actual 124330 Gross Income Projected 188626 Gross Rent Multiplier 10.05 Net Income Actual 81745 Net Income Projected 140969 Occupancy Types Month To Month Operating Expenses Actual 42586 Operating Expenses Projected 47657 Sewer Description Public Sewer Short Sale YN No Tax Amount 7626.57 Third Party Approval YN No Unit Type1 Rent 1450 Unit Type1 Units Total 1 Unit Type10 Rent 300 Unit Type10 Units Total 1 Unit Type2 Rent 1250 Unit Type2 Units Total 1 Unit Type3 Rent 900 Unit Type3 Units Total 2 Unit Type4 Rent 750 Unit Type4 Units Total 1 Unit Type5 Rent 900 Unit Type5 Units Total 1 Unit Type6 Rent 850 Unit Type6 Units Total 1 Unit Type7 Rent 850 Unit Type7 Units Total 1 Unit Type8 Rent 950 Unit Type8 Units Total 1 Unit Type9 Rent 775 Unit Type9 Units Total 1 Utilities Included Trash CollectionSewerWater Year Built Description Approximately Zoning Multi

    Listing provided courtesy of Exp Realty, Llc.
    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 Change Realty are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2019 RMLS™, Portland, Oregon. Data last updated 2019-07-21T10:59:15.597.Data deemed reliable but not guaranteed.

    Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Change Realty and should be independently verified.
     
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    Tigard OR, 97223