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Kingwood Apartments 570 Kingwood St 16 Unit Apartment Building $1,850,000 ($115,625/Unit) Florence, OR 97439
Executive Summary
The Kingwood Apartments | 16-Unit Apartment Building
This well-located, 16-unit, multi-family property is configured with twelve 1-bedroom, 1-bath units and four 2-bedroom, 1-bath units and was constructed in 1980. There is good on site parking for tenants as well as abundant street parking in a quiet residential neighborhood - only three blocks off Highway 101. Many of the The Kingwoood Apartments’ tenants have resided at the building for years (see attached rent roll) and as units turn, they re-lease quickly. There is laundry on-site, as well as, a lovely garden & common spaces for residents to enjoy.
• Strong rental history
• Professionally managed
• Central Florence Location
• 16 on-site parking spaces
• $1,850,000
This well-located, 16-unit, multi-family property is configured with twelve 1-bedroom, 1-bath units and four 2-bedroom, 1-bath units and was constructed in 1980. There is good on site parking for tenants as well as abundant street parking in a quiet residential neighborhood - only three blocks off Highway 101. Many of the The Kingwoood Apartments’ tenants have resided at the building for years (see attached rent roll) and as units turn, they re-lease quickly. There is laundry on-site, as well as, a lovely garden & common spaces for residents to enjoy.
• Strong rental history
• Professionally managed
• Central Florence Location
• 16 on-site parking spaces
• $1,850,000
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $115,625 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 10,670 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MSB | HR - Main Street Area B | High Density Residential | ||
| Price | $1,850,000 |
| Price Per Unit | $115,625 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 10,670 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | MSB | HR - Main Street Area B | High Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 2+1 | 4 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0801025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $892,181 |
Property Taxes
Parcel Number
0801025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$892,181
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Kingwood Apartments | 570 Kingwood St
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