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1106 Emerson Dr
The Dalles, OR 97058
Blue Mountain Cottages · Multifamily Property For Sale
·
17 Units
Investment Highlights
- In-Place Cap Rate of 7.34%; Stabilizing at a 8.51% Assuming a $100,000 Renovation Budget.
- Turnkey Asset with 13 of the 17 Units being Renovated
- Current GRM 9.67
- Opportunity to Capture an Additional 15% of EGI by Renovating the Remaining 4 Unrenovated Units.
Property Facts
| No. Units | 17 | Lot Size | 0.92 AC |
| Property Type | Multifamily | Building Size | 14,100 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1942 |
| Building Class | C | Parking Ratio | 1.21/1,000 SF |
| Zoning | RH - High density housing in the opportunity zone | ||
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 14,100 SF |
| No. Stories | 1 |
| Year Built | 1942 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | RH - High density housing in the opportunity zone |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Yard
- Breakfast Nook
- Garden
- Lawn
- Vinyl Flooring
- Window Coverings
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Pet Play Area
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,150 | 500 |
| 2+1 | 16 | $1,290 | 850 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $515,320 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$515,320
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