About 1127 6th Ave Se
Prime Investment: The Station features 11 trendy move-in ready units, boasting a 5.9% cap rate - $212,000 gross income and $166,565 NOI. Extensive upgrades including electrical, plumbing, HVAC, windows, siding, kitchens, bathrooms, parking lot, bike storage, onsite laundry, and new stormwater and fire suppression systems. Unlock additional income with 3 more unfinished units, for a total of 14 doors, not including rentable storage, and a large 1.4 acre lot with space for more construction in the rear.
Features of 1127 6th Ave Se
| MLS® # | 23369186 |
|---|---|
| Price | $2,590,000 |
| Units | 11 |
| Square Footage | 9,039 |
| Year Built | 1992 |
| Type | Multi Family |
| Status | Active |
Community Information
| Address | 1127 6th Ave Se |
|---|---|
| Area | 221 - Linn County |
| City | Albany |
| County | Linn |
| State | OR |
| Zip Code | 97321 |
Interior
| Heating | Wall Furnace |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Has Basement | No |
| Basement | None |
Exterior
| Lot Description | Level |
|---|---|
| Foundation | Slab |
School Information
| Elementary | Waverly |
|---|---|
| Middle | Memorial |
| High | West Albany |
Additional Information
| Date Listed | December 6th, 2023 |
|---|---|
| Days on Market | 164 |
| Zoning | MS |
| Short Sale | No |
| RE / Bank Owned | No |
| Cap Rate | 6.43 |
Unit 1 Details
| Baths | 1 |
|---|---|
| Rent | $950 |
| Features | Disposal, Range, Refrigerator |
Unit 2 Details
| Baths | 1 |
|---|---|
| Rent | $1,000 |
| Features | Disposal, Range, Refrigerator |
Unit 3 Details
| Baths | 1 |
|---|---|
| Rent | $1,295 |
| Features | Disposal, Range, Refrigerator |
Unit 4 Details
| Baths | 1 |
|---|---|
| Rent | $1,395 |
| Features | Disposal, Range, Refrigerator |
Unit 5 Details
| Baths | 1 |
|---|---|
| Rent | $1,495 |
| Features | Disposal, Range, Refrigerator |
Unit 6 Details
| Baths | 1 |
|---|---|
| Rent | $1,495 |
Unit 7 Details
| Baths | 1 |
|---|---|
| Rent | $1,495 |
Unit 8 Details
| Beds | 2 |
|---|---|
| Baths | 2 |
| Rent | $1,895 |
Unit 9 Details
| Beds | 3 |
|---|---|
| Baths | 2 |
| Rent | $1,995 |
Unit 10 Details
| Rent | $1,000 |
|---|---|
| Features | Storage |
Listing Details
| Office | DORE |
|---|