2000 Gekeler Lane
La Grande, OR 97850
Number of Units: 41
Type: Multi-Unit Residential
Listing Courtesy of: Keller Williams Realty Boise
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.
Property Features
MLS Area: Out of Area - 2000
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.
Flooring: Laminate, Vinyl
Total Number of Units: 41
Construction: Wood Siding
Parking Description: Finished Driveway
Lot Features: 1 - 4.99 Acres, Dog Run, Sidewalks
School District: La Grande School District 1
Elementary School: Central
Property SubType: Apartment
$ per month
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
© 2024 Intermountain MLS. All rights reserved.
© 2024 Intermountain MLS. All rights reserved.
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Intermountain-Boise data last updated at April 27, 2024 12:24 PM MT
