2000 Gekeler Lane

La Grande, OR 97850

$5,395,000
Price
Beds
36,028 Sq. Ft.
$150 / Sq. Ft.
36,028
Sq. Ft.
$150
per Sq. Ft.

Description

Country West Apartments are now for sale. Awesome investment being sold at a 5% 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 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...Country West Apartments are now for sale. Awesome investment being sold at a 5% 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 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.
  1. Listed by Jared Stasch • Keller Williams Realty Boise

Property Details for 2000 Gekeler Lane

Parking Features
Finished Driveway
LISTING UPDATED: 11/29/2024 03:36 PM

Property Details for 2000 Gekeler Lane

StatusActive
MLS #98924265
Days on Market79
Taxes$30,455 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1972
CountyUnion County

Building Information for 2000 Gekeler Lane

Building/Complex2000 Gekeler LnFloor-Stories-Residences41Pet Policy-Year Built1972Building Size-

Property Information for 2000 Gekeler Lane

Summary
Taxes and HOA
  • Tax Legal Description: 03S3808-DC-01100
  • Tax Year: 2023
  • Parcel Number: 03S3808DC01100
School Information
  • Elementary School: Central
  • Elementary School District: La Grande School District 1
  • HighSchool: La Grande
  • HighSchool District: La Grande School District 1
  • Middle Or Junior School: La Grande
  • Middle Or Junior School District: La Grande School District 1
Parking
  • Open Parking: Yes
  • Parking Total: 50
Property
Lot Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Total: 36028.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area: 36028.0
  • Living Area Units: Square Feet
  • Lot Features: 1 - 4.99 Acres, Dog Run, Sidewalks
  • Lot Size Dimensions: 500x220
  • Lot Size Units: Acres
Property and Assessments
  • Photos Count: 8
  • Year Built: 1972
Utilities
  • Utilities: Sewer Connected
  • Water Source: City Service
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
  • Fencing: Partial
  • Roof: Composition
Interior Features
  • Appliances: Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Cooling: None
  • Cooling Available: No
  • Flooring: Laminate, Vinyl
  • Foundation Details: Crawl Space
  • Heating: Wall Furnace
  • Heating: Yes
  • Laundry Features: Washer/Dryer Hookups (No Units)
Multi Family
Multi-Family Information
  • Number Of Units Total: 41
Income & Expenses Information
  • Net Operating Income: $384,332.00
  • Operating Expense: $182,234.00

Property History for 2000 Gekeler Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2000 Gekeler Lane

Taxable ValueLand$202,890Additions$1,513,460Total$1,716,350
Tax Record2024$30,899 ($2,575 / month)
Home Facts
Total Finished SqFt18,019 SqFtAbove Grade Finished SqFt18,019 SqFtLot Size110,642 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972ZoningLG-R3;HIGH DECountyUNIONAPN03S3808DC 1100

Schools near 2000 Gekeler Lane

This home is within La Grande School District 1.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Central Elementary School
PublicK to 5

La Grande Middle School
Public6 to 8

La Grande High School
Public9 to 12

Greenwood Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2000 Gekeler Lane is a multi-family home for sale in La Grande, OR 97850. This property was listed for sale on September 18, 2024 by Keller Williams Realty Boise, it's currently listed at $5,395,000. This listing's school district is La Grande School District 1. Nearby schools include Central Elementary School, La Grande Middle School and La Grande High School. 2000 Gekeler Lane is a 0-bed, 0-bath, 36,028 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Boise

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