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 Details
Property Features
Property Information:
Year Built: 1972
Living Area: 36,028 SqFt
Listing Office:
Office Name: Keller Williams Realty Boise
Office Phone: (208) 672-9000
Listing Agent: Jared Stasch
Exterior Features
Parking Information:
Parking: Finished Driveway
Lot Features
Lot Information:
Lot: Sidewalk
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
School Info
Assigned Schools Information:
La Grande High School, Public District Grades 9-12
La Grande Middle School, Public District Grades 6-8
Greenwood Elementary School, Public District Grades 1-5
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $4,995,000
Price Per SqFt: $139/SqFt
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Greenwood Elementary School
2300 N Spruce St
Distance between this listing and this school0.92 miles
Public District Grades 1-5
Middle School
6
/10
La Grande Middle School
1108 4th St
Distance between this listing and this school1.19 miles
Public District Grades 6-8
High School
6
/10
La Grande High School
708 K Ave
Distance between this listing and this school1.27 miles
Public District Grades 9-12
Assigned Schools
4
/10
Greenwood Elementary School
2300 N Spruce St
Distance between this listing and this school0.92 miles
Public District Grades 1-5
Nearby Schools
7
/10
Central Elementary School
402 K Ave
Distance between this listing and this school1.26 miles
Public District Grades 1-5
7
/10
Island City Elementary School
10201 W 4th St
Distance between this listing and this school2.76 miles
Public District Grades 1-5
Assigned Schools
6
/10
La Grande Middle School
1108 4th St
Distance between this listing and this school1.19 miles
Public District Grades 6-8
Assigned Schools
6
/10
La Grande High School
708 K Ave
Distance between this listing and this school1.27 miles
Public District Grades 9-12
Nearby Schools
8
/10
Imbler Charter School
6th And Esther Ave
Distance between this listing and this school10.93 miles
Public Charter Grades KG-12
9
/10
Cove Charter School
803 Main St
Distance between this listing and this school14.63 miles
The neighbors living near this home have an average income of $54,620. The most common annual income of people living in La Grande, OR is between $35k-100k. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2000Gekeler Lane
What is the listing price of this property?
The listing price of 2000Gekeler Lane property is $4,995,000.
What type of property is this?
The property 2000Gekeler Lane is a condo located in La Grande, Oregon, 97850.
Is this property for sale now?
Active Listing: 2000Gekeler Lane is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2000Gekeler Lane are: Greenwood Elementary School: GreatSchools Rating 4/10La Grande Middle School: GreatSchools Rating 6/10La Grande High School: GreatSchools Rating 6/10
What is the square footage of this property?
The property 2000Gekeler Lane is 36,028 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2000Gekeler Lane is 1972.
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This home is located at 2000Gekeler Lane in La Grande, OR and zip code 97850 in the Riverside neighborhood. This 36,028 square foot home was built in 1972. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $4,995,000.
La Grande, OR housing market in April 2024 saw over 2 listings sold above listed price, more than 4 sold at listed price and over 9 sold below. The inventory of homes for sale in La Grande, OR between March 2024 and April 2024 increased by 11.1%. While the average time on the market in April 2024 was 50 days, the median list price was $305,500.
From Rocket Homes Real Estate and based on county public records data.
Listings with this icon are © 2024 of InterMountain MLS. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, 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. Information provided by IMLS is deemed reliable but not guaranteed.
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