1814-1820 Southwest Main Street & 1105 SW 18th Avenue
- $2,300,000
- 3.91% Proforma Cap (3.51% Actual)
- $277k per unit
- $301/ per square foot
- 9 Units 100% leased
- RM4 Zoning (High density residential)
Property Description
Rare opportunity to acquire three-building apartment complex in the highly desirable Goose Hollow Submarket. The subject buildings are located on one tax lot. The subject buildings are located on one tax lot and consist of one six-unit apartment building, one duplex, and one single-family residence. All nine units are 100% leased at under market rents, providing an investor an attractive opportunity to improve the rents. The property is zoned RM4 allowing for high density residential development, which makes this an attractive future redevelopment opportunity.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,300,000 |
| No. of Units: | 9 |
| Opportunity Zone: | No |
| Price per unit: | $255,556 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
942 E BALDWIN Ave
Spokane, Washington
1426 Village Park Pl
WestLinn, OregonBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout