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Falls View Apartments 4700 Falls View Ave 12 Unit Apartment Building $2,200,000 ($183,333/Unit) 5.07% Cap Rate West Linn, OR 97068
Investment Highlights
- West Linn Multifamily Investment
- Clackamas County
- 12 Units--near I-205, Lake Oswego & Oregon City
Executive Summary
Rare opportunity to buy a small multi-family asset in West Linn OR. 12 Units built in 1966. 4 1BR/1BA and 8 2BR/1BA. Onsite laundry. Tandem parking. Clackamas County. Easy access to I-205, West Linn, Oregon City, Lake Oswego and downtown Portland. Only 30 minutes to the airport. And 1 hour to Mount Hood National Forest: hiking, biking and winter skiing. High MHHI $130K. Median Home Value: $739,974.00.
Property Facts
| Price | $2,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 5.07% | Building Size | 11,434 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 0.96/1,000 SF |
| Zoning | R4.5 | ||
| Price | $2,200,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Sale Condition | 1031 Exchange |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 11,434 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 0.96/1,000 SF |
| Zoning | R4.5 |
Amenities
Unit Amenities
- Dishwasher
- Disposal
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 675 |
| 2+1 | 8 | - | 750 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 00411370 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,048,966 |
Property Taxes
Parcel Number
00411370
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,048,966
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Falls View Apartments | 4700 Falls View Ave
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