Prime location, 4 unit building with long-term tenants. Easy to finance with conventional loan. Great location, close to shopping, parks and schools. Located on larger lot .17 acre with laundry room, community backyard, and off street parking lot. Functional floor plans in each unit. All tenants are long term and would like to continue. UNIT #1: 934 SF, 1 Bedroom, 1 Bath, 934 square feet. UNIT #2: 2 Bedrooms, 2 Bathrooms, 973 square feet. UNIT #3: 1 Bedroom, 1 Bathroom, 617 square feet. UNIT #4: 1 Bedrooms, 1 Bathroom, 617 SF. DO NOT DISTURB TENANTS.
Amazing investment opportunity. Brand new 4-plex can owner-occupy or rent out all 4 units. Each unit is a 3 bed/2.5 bath, 1,586 sf with laminate flooring throughout the downstairs and carpet upstairs in the bedrooms. All appliances included. Contact listing agent for more details. Two of the units have been rented out with a one year lease.
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.
The median home value in Albany, OR is $392,400. This is higher than the county median home value of $371,900. The national median home value is $338,100. The average price of homes sold in Albany, OR is $392,400. Approximately 58.19% of Albany homes are owned, compared to 37.23% rented, while 4.58% are vacant. Albany real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Albany real estate agent to arrange a tour today!
Albany, Oregon 97321 has a population of 55,776. Albany 97321 is more family-centric than the surrounding county with 32.26% of the households containing married families with children. The county average for households married with children is 28.22%.
The median household income in Albany, Oregon 97321 is $65,587. The median household income for the surrounding county is $63,313 compared to the national median of $69,021. The median age of people living in Albany 97321 is 35.9 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 34.3 degrees. The average rainfall is approximately 44.1 inches per year, with 4.2 inches of snow per year.