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349 W Pine St 20 Unit Apartment Building $3,250,000 ($162,500/Unit) 4.91% Cap Rate Central Point, OR 97502
INVESTMENT HIGHLIGHTS
- 20 units, 2 bdrms, 1 bath, 41 parking spaces, inground pool with recreation room, laundry facility
EXECUTIVE SUMMARY
20 unit apartment complex, inground pool, recreation room with laundry facility. Units are single level flats located in 5 two story buildings. Each building has four 2 bedroom, 1 bath units. Current rents range from $775 to $1,094 per month, plus water and sewer charges of $45 to $60 per month. Rental rates produce monthly gross rents of $19,496 and $944 reimbursement for water and sewer. Each unit has it's own water meter and has approximately 896 square feet.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,250,000 | Apartment Style | Garden |
| Price Per Unit | $162,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.35 AC |
| Cap Rate | 4.91% | Building Size | 22,036 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - R-3 multifamily | ||
| Price | $3,250,000 |
| Price Per Unit | $162,500 |
| Sale Type | Investment |
| Cap Rate | 4.91% |
| Sale Condition | 1031 Exchange |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.35 AC |
| Building Size | 22,036 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | R-3 - R-3 multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Lounge
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | $934.50 | 896 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 10142697 | Total Assessment | $1,239,650 |
| Land Assessment | $413,790 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $825,860 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
10142697
Land Assessment
$413,790
Improvements Assessment
$825,860
Total Assessment
$1,239,650
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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349 W Pine St
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