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591 W Sherman St 10 Unit Apartment Building $1,195,000 ($119,500/Unit) 7.55% Cap Rate Lebanon, OR 97355
EXECUTIVE SUMMARY
Single story 10-unit apartment complex built in 1948 in West Lebanon. Building consists of (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. Property features a central courtyard, some off-street parking and onsite laundry room. As-Is cap rate is 7.67% Cap on Actuals, 8.46% on Proforma.
PROPERTY FACTS Under Contract
| Price | $1,195,000 | Apartment Style | Low-Rise |
| Price Per Unit | $119,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 7.55% | Building Size | 9,038 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | RM - Lebanon RM | ||
| Price | $1,195,000 |
| Price Per Unit | $119,500 |
| Sale Type | Investment |
| Cap Rate | 7.55% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 9,038 SF |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | RM - Lebanon RM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 3 | - | - |
1 1
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 0180006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $323,250 |
PROPERTY TAXES
Parcel Number
0180006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$323,250
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591 W Sherman St
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