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Browse More Listings in Multifamily For Sale, Sisters, OR or Oregon

Multifamily Property For Sale

Mt. High Apartments

114 W. Adams, Sisters, OR 97759

Price:
$1,495,000
No. Units:
16
Building Size:
14,000 SF
Price/Unit:
$93,437.50
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
6%
Occupancy:
75%
No. Stories:
2
Tenancy:
Multiple
Year Built:
1988
Lot Size:
0.91 AC
Parking Ratio:
2 / 1,000 SF
Find Out More...

Last Verified 11/21/2009 Listing ID 16458155

Description

Located of Adams Avenue in beautiful Sisters, this 16 unit apartment building, built in 1988, has been exceptionally cared for with no deferred maintenance and offers the new owner with great income potential with a 6% CAP. On a .91 lot, this property provides up to 32 spaces for parking, 2 bedroom and 1 bath units with two separate laundry rooms on-site. Completely remodeled exterior. New roof, new dual payne windows, new fireproof decks and new paint. Lease & MTM in place. Excellent opportunity in Sisters! Complex is 75% full as of 11-4-2009.

This property is located just walking distance from downtown Sisters. Some units have exceptional views of the Cascades.

Financial Summary

Proforma
Year
2009
Scheduled Gross Income
$122,000
Effective Gross Income
$122,000
Operating Expenses
$33,000
Net Operating Income
$89,000

Map of 114 W. Adams, Sisters, OR 97759 (Deschutes County)

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Presented by

EXIT Realty

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Contact Listing Broker

John Frank (541) 390-9004

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Created 11/4/2009

Additional Information for 114 W Adams Avenue, Sisters, OR 97759

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Mt. High Apartments

114 W. Adams, Sisters, OR, 97759