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175 NE Fern Ct 6 Unit Apartment Building $1,250,000 ($208,333/Unit) 6.32% Cap Rate Dallas, OR 97338

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EXECUTIVE SUMMARY

Presenting an exceptional investment opportunity in the thriving city of Dallas, OR. This recently renovated 6-unit property is designed to attract top-tier rent rates, offering a turnkey experience with no additional work required. The property features fully remodeled kitchens and bathrooms, new flooring, updated fixtures, fresh interior and exterior paint, and much more—ask for the complete list of updates! The unit mix includes four 2-bedroom, 1.5-bath units and two 1- bedroom, 1-bath units, all with on-site parking. Nestled on a quiet cul-de-sac just minutes from Dallas’ main road, this property combines convenience with a peaceful setting. Dallas offers an inviting blend of small-town charm and growth potential, nestled in the scenic Willamette Valley. The city boasts a diverse economy driven by agriculture, especially winemaking, and bolstered by expanding industries like high-tech manufacturing. With abundant parks and recreational options, Dallas provides an appealing lifestyle for residents while remaining an attractive option for investors.

PROPERTY FACTS

Price $1,250,000
Price Per Unit $208,333
Sale Type Investment
Cap Rate 6.32%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.34 AC
Building Size 4,448 SF
No. Stories 1
Year Built/Renovated 1972/2023
Parking Ratio 2.02/1,000 SF
Opportunity Zone Yes
Zoning RM - Multi-family Residential

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
299088
Land Assessment
$59,690
Improvements Assessment
$284,990
Total Assessment
$344,680
  • Listing ID: 33111708

  • Date on Market: 9/9/2024

  • Last Updated:

  • Address: 175 NE Fern Ct, Dallas, OR 97338

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