1046 NE 17th Ave - Apartments FOR SALE


Hillsboro, OR 97124- Northwest Hillsboro
$3,150,000 USD
503-939-7146
1046 NE 17th Ave, Hillsboro, OR for Sale
$3,150,000 USD
Apartments - FOR SALE
1/26
null | 6.41% Cap Rate

1046 NE 17th Ave
Hillsboro, OR 97124
Northwest Hillsboro


HIGHLIGHTS

  • 100% Occupancy
  • Great Location
  • On site Laundry facilities

OVERVIEW

Proforma CAP RATE 7.1%. Welcome to your next investment opportunity. This well-maintained 18-unit apartment complex is located in a desirable neighborhood with convenient access to shopping, major roadways, and daily amenities. The property is owner-managed and 100% occupied, reflecting stable operations. An on-site laundry room provides additional income. All rental agreements are month-to-month, except for one unit with approximately five months remaining on its lease. No rent increases have been implemented in the past 17 months, offering immediate upside potential for a new owner. Please do NOT disturb tenants. No site visits without a scheduled appointment.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

18

PRICE/UNIT

$175,000

CAP RATE

6.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cornell Place Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

A-2, Hillsboro

APN/PARCEL ID

R0711536

ASK ABOUT THIS PROPERTY

Cornell MannGreat Western Real Estate CoMore Info
503-939-7146

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Cornell MannGreat Western Real Estate CoMore Info
503-939-7146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.