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124 NW 4th Ave - Ontario Apartments 18 Unit Apartment Building Offered at $1,200,000 at a 5.37% Cap Rate Ontario, OR 97914
Executive Summary
This is an amazing investment opportunity!! 18 fully rented units with a long standing and solid rental history. These units are separated into four structures on a .42 acre corner lot. The neighborhood is quiet and the units all show pride of ownership. The history of this parcel is that it used to be a hotel and then was converted into studio units and or 1 bedroom units. Some of these units have kitchenettes with a stove and some do not. These units are available to be shown to prequalified buyers once an offer has been accepted so as to not disturb the tenants. You may drive by and view the exterior at any time, just do not disturb the tenants. If you're looking to do a 1031 exchange or looking to expand your portfolio with a 5.58% cap rate then do not pass this property by! It's truly amazing and has been very well cared for.
Property Facts
| Price | $1,200,000 | Property Type | |
| Price Per Unit | $66,667 | Building Size | 4,660 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.37% | No. Stories | 1 |
| No. Units | 18 | Year Built | 1946 |
| Zoning | High Density | ||
| Price | $1,200,000 |
| Price Per Unit | $66,667 |
| Sale Type | Investment |
| Cap Rate | 5.37% |
| No. Units | 18 |
| Property Type | |
| Building Size | 4,660 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1946 |
| Zoning | High Density |
Amenities
Unit Amenities
- Refrigerator
- Satellite TV
- Range
- Wi-Fi
Site Amenities
- Trash Pickup - Curbside
- Public Transportation
- Fiber Optic Internet
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 18S4703CB 4600 | Improvements Assessment | $123,871 |
| Land Assessment | $75,024 | Total Assessment | $198,895 |
Property Taxes
Parcel Number
18S4703CB 4600
Land Assessment
$75,024
Improvements Assessment
$123,871
Total Assessment
$198,895
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
True North Real Estate Group, Llc
124 NW 4th Ave - Ontario Apartments
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