Rivercrest Apartments Newberg
Property Description
20 units - a mix of (6) 2/1 and (14) 1/1 constructed in 1963. 5.7% cap on actuals. Recent improvements include (2018) - full repaint, drivelane asphalt removed and replaced with 3" of new hot asphalt (2019) - concrete replacement to walkways around perimeter of property and for car ingress / egress (2021) - asphalt sealcoat and restripe. Showing upon accepted offer to purchase or vacant units - if available. Do not disturb the residents.
Key Property Information
| Listing Status: | Available |
|---|---|
| Multifamily type: | Garden Style | Apartments |
| Price: | $3,800,000 |
| No. of Units: | 20 |
| Cap Rate: | 5.70% |
| Year Built: | 1963 |
| Building Size: | 11,300 Sq ft |
| Lot Size: | 0.50 Sq ft |
| No. of Stories: | 2 |
| APN: | 59929 |
| Zoning Code: | R-2 |
| Buy Side Fee: | 2.00% |
| Opportunity Zone: | No |
| Price per unit: | $190,000 |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| 1/1 | 14 | 0.00 | 0.00 |
| 2/1 | 6 | 0.00 | 0.00 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Gabe Johansen | 503.390.6060 | [email protected] |
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