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2000 Gekeler Lane

La Grande, OR 97850
  • $4,995,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 98901396
$4,995,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 36,028
    SQFT
  • $139
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Intermountain MLS logoCourtesy of Keller Williams Realty Boise.

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.

Directions: Take exit 265 toward US-30/OR-203/La Grande/Union. Go for 0.3 mi. Then 0.3 miles Turn left onto Highway 203 (US-30). Go for 2.8 mi. Then 2.8 miles Turn left onto 18th St. Go for 0.5 mi. Then 0.5 miles Turn right onto Gekeler Ln. Go for 0.3 mi.

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Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Moscow Realty are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2024-04-18T17:27:32.6.
www.moscowrealty.com/homes/147977943
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2000 Gekeler Lane La Grande, OR 97850

  • Price: $4,995,000
  • Status: Active
  • On Site: 54 Days
  • MLS #: 98901396
0
Beds
0
Baths
0
½ Baths
N/A
Acres
36,028
SQFT
$139
$/SQFT
1972
Built
Neighborhood:
0 Not Applic.
County:
Union
Area:
Out Of Area - 2000
Elementary School:
Central
Middle School:
La Grande
High School:
La Grande
School District:
La Grande School District 1
Property 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.

Directions: Take exit 265 toward US-30/OR-203/La Grande/Union. Go for 0.3 mi. Then 0.3 miles Turn left onto Highway 203 (US-30). Go for 2.8 mi. Then 2.8 miles Turn left onto 18th St. Go for 0.5 mi. Then 0.5 miles Turn right onto Gekeler Ln. Go for 0.3 mi.
Exterior Features

Construction Materials Wood Siding Fencing Partial Foundation Details Crawl Space Lot Features 1 - 4.99 AcresDog RunSidewalks Open Parking YN Yes Parking Features Finished Driveway Parking Total 50 Roof Composition

Interior Features

Above Grade Finished Area Units Square Feet Appliances Disposal (All Units)Stove/Range (All Units)Refrigerator (All Units)Washer/Dryer (No Units) Below Grade Finished Area Units Square Feet Building Area Total 36028 Cooling None Cooling YN No Flooring LaminateVinyl Heating Wall Furnace Heating YN Yes Laundry Features Washer/Dryer Hookups (No Units)

Property Features

Association Fee 0 Current Use 5+ Units Lot Size Dimensions 500x220 Ownership Fee Simple Property Sub Type Apartment Tax Annual Amount 29443.13 Tax Legal Description 03S3808-DC-01100 Tax Year 2023 Utilities Sewer Connected Water Source City Service

Intermountain MLS logoCourtesy of Keller Williams Realty Boise: 208-672-9000.


Intermountain MLS logo© 2024 Intermountain Multiple Listing Service, Inc. (IMLS). Real estate listings held by brokerage firms other than Moscow Realty are marked with the IMLS IDX logo and information about them includes the name of the listing brokerage. Information provided by IMLS is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IMLS does not assume any liability for missing or inaccurate data. Data last updated 2024-04-18T17:27:32.6.
 
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Moscow Realty
201 East 3rd Street
Moscow ID, 83843
Intermountain MLS logoCourtesy of Keller Williams Realty Boise.