1215 SHORTRIDGE ST

Albany, 97322

  • Bed

  • Bath

  • 2768 SqFt

  • 92 DOM

  • Built: 1972

  • Status: Active

$850,000

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1215 SHORTRIDGE ST

Albany 97322

$850000

  • Bed

  • Bath

  • 2768 SqFt

  • 92 DOM

  • Built: 1972

  • Status: Active

Krishna Regupathy

Principal Broker

(503) 893-8874

Solid 7.7% cap rate from this mixed commercial/residential income property. Both buildings are leased. 3 yrs of 5 left on the commercial NNN lease with 3% annual increases. The 1 yr res lease just started. Res pays their utilities. No deferred maintenance. Fantastic high traffic location half a block off Santiam Hwy with signage visible from the Hwy.

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