This Multifamily Property is Off-Market.

469 Hilltop Avenue
Oregon City, OR 97045 ·

25 Units · Multifamily For Sale

N/A

Print

Hilltop Manor

Price N/A Cap Rate 7.51%
No. Units 25 Gross Rent Multiplier 6.74
Building Size 19,992 SF No. Stories 2
Property Type Multifamily Year Built 1976
Property Sub-type Garden/Low-Rise Lot Size 53,923 SF
Property Use Type Investment
Listing ID: 17895250 Date Created: 10/29/2012 Last Updated: 04/30/2013

Description

Marcus & Millichap is pleased to present the Hilltop Manor Apartments, a 25 unit, two-story apartment community located in Oregon City. The property is strategically located just off of Molalla Avenue less than one-half mile from a host of national and regional retailers. The property consists of six buildings, built in 1976, and is spread out over a 1.24 acre lot. The unit mix is comprised of nine one-bed/one-bath units, eight two-bed/one bath townhomes, and eight three-bed/one and one-half bath units. There is an onsite leasing office connected to a workshop/storage area and an onsite laundry facility.

The property has undergone a number of improvements recently to the interior and exterior. 10 of the apartments have gone through a complete turnover which has included new laminate flooring, carpets, blinds, shower surrounds, bathroom sinks, light fixtures, upgraded kitchen counters, and paint throughout. Many of the appliances throughout the complex have been replaced. The buildings have vinyl windows and were painted within the last five years.

Highlights

  • 82 Walkscore-Very Walkable
  • Across from Hilltop Mall
  • Strong Retail Corridor
  • Competitive Unit Mix
  • Walk to Clackamas County Red Soils Campus
  • Less than One Mile from Clackamas Community College

Research

469 Hilltop Avenue, Oregon City, OR 97045 (Clackamas County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Oregon City Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)