Stasch RE
Listed by Stasch RE
$4,950,000
Country West Apartments 41 units
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 34,850
Net Rentable (SqFt) 36,028
Units 41
Cap Rate 6.78%
NOI $335,433
Occupancy 95%
Price per SqFt $142
Broker Co-Op Yes
Class B
Year Built 1972
Buildings 5
Stories 2
Lot Size (SqFt) 110,000
Investment Type Stabilized
Occupancy Date 04/07/2025
Multifamily | 41 Units | $120,732/unit
Marketing description
Country West Apartments are now for sale. Awesome investment being sold at a 6.65% cash flow on current rents with more room to raise rents and value. Buy now and sell later when the interest rate goes down and make a pile of cash. This apartment complex is one of less than half a dozen larger multifamily buildings in La Grande serving the students of Eastern Oregon University. The property is beautifully landscaped and sits at the base of the beautiful Umatilla National Forest with views of the mountains and city of La Grande. These units are always in demand by students and families so call today and take advantage of this great opportunity.
Investment highlights
- 7.34% cap rate on the current rents and expenses based on a 6.45% interest rate.
- All units are 2 bed 1 bath and 860 square feet.
- Fully landscaped yard with automated drip irrigation and sprinklers
- Units contain a patio and private storage room connected to patio.
- Fenced Pet Area
- Laundry Room
- Fitness Room
- Blocks to Eastern Oregon University.
Listing Contacts
Stasch RE
Listed by Stasch RE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,433.00
$27,952.75/mo
Valuation Metrics
0
DSCR
6.78%
Cap Rate
6.78%
ROI
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