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1270 Pacific 20 Unit Apartment Building $6,300,000 ($315,000/Unit) 6.35% Cap Rate Forest Grove, OR 97116
Investment Highlights
- Very close to campus, proximity is important and housing in a college town is always limited
- newer construction, built in 2021
- 10 duplexes, 20 units
Executive Summary
.**Portfolio Pricing Options:**- 3 duplexes: $660,000 each- 6 duplexes: $645,000 each ($3,870,000 total)- All 10 duplexes: $6,300,000
Property Facts
| Price | $6,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $315,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.80 AC |
| Cap Rate | 6.35% | Building Size | 26,940 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2021 |
| Property Subtype | Apartment | ||
| Zoning | R-5 | ||
| Price | $6,300,000 |
| Price Per Unit | $315,000 |
| Sale Type | Investment |
| Cap Rate | 6.35% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.80 AC |
| Building Size | 26,940 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2021 |
| Zoning | R-5 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Stainless Steel Appliances
- Yard
- Lawn
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | 1,322 - 1,372 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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1270 Pacific
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