6498 LOWRY DR

West Linn, OR 97068
Square Ft.
5,100
$1,495,000
Century Crest Apartments, fully occupied 6 units in desirable West Linn. Recent upgrades include new roof and windows completed in 2021, landscaping and interior improvements. Rents are well below market leaving upside for a buyer. Please do not disturb residents.
Listing courtesy of GA Cooke Real Estate Services.
Listing Snapshot
Days Online
88
Last Updated
Square Ft.
5,100
Lot Size
0.22 Acres
Year Built
1972
MLS Number
24008180
Property Location Map
Additional Details
Property Access
Road Surface Type: Paved
Building
Building Area Total: 5100, Built in 1972, Unit Type Type: UnitTypeType1, UnitTypeType2, UnitTypeType3, UnitTypeType4, UnitTypeType5
Community
Community Features: Laundry
Expenses
Operating Expense Scheduled: 36633, Operating Expense: $34,469
Exterior Features
Exterior Description: Aluminum, Brick
Heating
Heating: WallHeater
Income
CAP Rate: 4.72, Gross Income: $104,978, Gross Rent Multiplier: 14.24, Gross Scheduled Income: $118,380, Net Operating Income: $70,509, Net Scheduled Income: 81747
Lot
Size Acres: 0.22, Size Range: SqFt7000to9999, Size Square Feet: 9,583, Size: 7,000 to 9,999 SqFt
Miscellaneous
Investor Information: AnnualPropertyOperationData, ProfitLossStatement
Parking
Features: OffStreet
Property
Number Of Units Total: 6, Property Condition: UpdatedRemodeled, Zoning: multi
Roof
Roof: Flat
Sewer
Sewer: PublicSewer
Taxes
Annual Amount: $7,909, Legal Description, Tax Year: 2023
Unit One
Actual Rent: $1,375, Area: 650, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 1 total bedroom
Unit Two
Actual Rent: $1,445, Area: 850, Features: Deck, Range, Refrigerator, Units Total: 2, 1 total bathroom, 2 total bedroom
Unit Three
Actual Rent: $1,200, Area: 850, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Four
Actual Rent: $1,465, Area: 850, Features: Deck, Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Unit Five
Actual Rent: $1,425, Area: 850, Features: Range, Refrigerator, Units Total: 1, 1 total bathroom, 2 total bedroom
Utilities
Fuel Description: Electricity, Water Source: PublicWater
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This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.