Goose Hollow Apartments 1105 SW 18th Ave 9 Unit Apartment Building $2,500,000 ($277,778/Unit) 3.51% Cap Rate Portland, OR 97205
INVESTMENT HIGHLIGHTS
- The property is zoned RM4 allowing for high density residential development, which makes this an attractive future redevelopment opportunity.
EXECUTIVE SUMMARY
Rare opportunity to acquire three-building apartment complex in the highly desirable Goose Hollow Submarket. The subject buildings are located on one tax lot and consist of one six-unit apartment building, one duplex, and one single-family residence. All nine units are 100% leased at under market rents, providing an investor an attractive opportunity to improve the rents.
PROPERTY FACTS
| Price | $2,500,000 |
| Price Per Unit | $277,778 |
| Sale Type | Investment |
| Cap Rate | 3.51% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 8,291 SF |
| No. Stories | 2 |
| Year Built | 1902 |
| Zoning | RM4 |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (85)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | R105770 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $625,410 |
