$4,995,000
↓ $105K (2.1%)
●
Multifamily -
For Sale
2000 Gekeler Lane
La Grande, OR 97850
Studio
0 Bath
36028 Sqft
$26,980
Estimated Monthly
-0.39%
Cap Rate
About This Property
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.
The manager has listed the unit size as 36028 square feet.
The manager has listed the unit size as 36028 square feet.
Unit Size
36,028Ft²
Days on Market
87 days
Land Size
-
Price per sqft
$139
Property Type
Multifamily
Property Taxes
$2,454
HOA Dues
-
Year Built
1972
Listed By
Last updated: 2 months ago (IMLSID #98901396)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 4, 2024 | Price Decreased |
$4,995,000
↓ $105K
(2.1%)
|
|
Price Decreased | |||
Feb 26, 2024 | Listed by Keller Williams Realty Boise | $5,100,000 | |
Listed by Keller Williams Realty Boise |
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
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