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1127-1195 6th Ave SE
Albany, OR 97321
The Station Apartments · Multifamily Property For Sale
·
11 Units
PROPERTY FACTS
| No. Units | 11 | Lot Size | 1.40 AC |
| Property Type | Multifamily | Building Size | 7,866 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Building Class | C | Year Built | 1992 |
| Zoning | Albany-MS - Albany-MS - MS Main Street | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 7,866 SF |
| No. Stories | 1 |
| Year Built | 1992 |
| Zoning | Albany-MS - Albany-MS - MS Main Street |
AMENITIES
UNIT AMENITIES
- Disposal
- Washer/Dryer Hookup
- Kitchen
- Loft Layout
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Gas Range
- Bicycle Storage
ABOUT 1127-1195 6TH AVE SE , ALBANY, OR 97321
MOTIVATED SELLER!! Unique and charming apartment complex with 11 rent-able units (7 studios/2 studio lofts/1-2 bed 2 bath/1-3 bed 2 baths). Low maintenance landscaping. 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 rented separately. Large property with space to build additional units, (buyer to do due diligence) the additional units to be built are not in the proforma. Great investment with lots of potential. Keep attached garage as is or convert to a studio apt. or make it a cute coffee shop or? Lots of options and potential in a convenient location. Across the street on 6th street is a beach volleyball court, large sports court, playground and large open park with lots of trees. Currently 7.9% cap rate and Pro-forma is 11.8%!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | $850.00 | 425 - 712 |
| 2+2 | 1 | $1,250 | 1,370 |
| 3+2 | 1 | $1,450 | 1,206 |
PROPERTY TAXES
| Parcel Number | 0776425 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $744,590 |
PROPERTY TAXES
