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631-671 S Main St 60 Unit Apartment Building $5,000,000 ($83,333/Unit) 3.54% Cap Rate Lebanon, OR 97355
Investment Highlights
- Strong income stream from existing lease spaces
- 0.37 acre off street parking
- upside of 60 +/- hotel or apartment spaces over two floors
Executive Summary
Historic downtown hotel established in 1910 approximately 33,612SF. the ground floor fronts 4 glass front retail spaces 100% occupied. The first and second floors are in renovation for an upside of 60+/- boutique hotel or apartment spaces. Many upgrades including new membrane roof in 2020, electrical and plumbing through-out. 10 apartment spaces are 100% occupied. This portfolio includes a 0.37 acre off street parking lot.
Property Facts
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | 500 |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $601,470 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$601,470
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631-671 S Main St
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