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La Grande 97850
2000 Gekeler Lane
$4,995,000
↓ $105K (2.1%)
Multifamily - For Sale

2000 Gekeler Lane

La Grande, OR 97850
bedrooms
Studio
bathrooms
0 Bath
square feet
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.
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

Jared Stasch
Keller Williams Realty Boise
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

2000 Gekeler Lane 2000 Gekeler Lane, La Grande, OR 97850
  • 1 Unit for Sale
More about this Building
2000 Gekeler Lane
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About La Grande


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