$4,995,000 $26,814 est/mo Sourced by Back At You

2000 Gekeler Lane,La Grande, OR 97850

La Grande OR, 97850

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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 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.

Details

MLS#98901396
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1972
Days On Site83
Listing Provided ByKeller Williams Realty Boise | Jared Stasch

Features

SQ Feet36,028
Units41
Acreage2.53
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Intermountain Multiple Listing Service.

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Learn More About This Property

StateOR
CountyUnion
CityLa Grande
Zip Code97850
AreaOut of Area
School DistrictLa Grande School District 1
Elementary SchoolLa Grande School District 1
Middle SchoolLa Grande School District 1
High SchoolLa Grande School District 1
Listing VS Median (in 97850)
Price:
$4,995,000
low | high
Med:
$4,995,000
50% of Average
SqFt:
36,028
low | high
Med:
36,028
50% of Average
$ / SqFt:
$139
low | high
Med:
$139
50% of Average
On Site:
83
low | high
Med:
83.000000
100% of Average
Sourced by Back At You
Listing Updated: April 26, 2024 at 12:16:37 PM PDT