The Brookside Apartments

12 Unit Partially Renovated Apartment Complex in Gladstone, OR
1 & 2 Bed Unit Mix • Ongoing Unit Renovations and Upgrades Since 2015
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Sale Price: $2,640,000 ($220,000 / Unit)
Actual NOI without RUBs: $130,731
Actual CAP Rate without RUBs: 4.95%
Proforma NOI with RUBs: $140,811
Proforma CAP Rate with RUBs 5.33%
Units: 12 Units with 1 & 2 Bedroom Mix
Parking Space: 22 spots

Property Description

Property Features: • Ample sized lot on 0.69 Acre with Beautiful Surrounding Greenery and Landscaping • 2 Units Include Their Own Private Yard • Secure On-Site Laundry Room • Recent Exterior Updates Such as New Siding and Exterior Paint, New Fences, and New Mailboxes • Select Units Updated with Vinyl Windows, New Siding, Updated Units with Stainless Steel Appliances • Easy Access to TriMet Lines Along 99E.