105 Arcade - Apartments FOR SALE


Lexington, OR 97839
$475,000 USD
541-303-3002

NO PHOTO

$475,000 USD
Apartments - FOR SALE
null | Request Cap Rate

105 Arcade
Lexington, OR 97839


OVERVIEW

Exceptional turnkey investment opportunity in Lexington, OR. This fully rented tri-plex underwent a comprehensive down-to-the-studs remodel in 2023, delivering true peace of mind for investors. Renovations included all-new electrical, plumbing, and insulation, in addition to updated interiors throughout. Each of the three units offers a functional 2-bedroom, 1-bath layout and includes all appliances plus in-unit washer and dryer. Major capital improvements also include a new HVAC system, water heater, and septic system, significantly minimizing future maintenance costs. Each unit is individually metered for electric and water, allowing for efficient expense management and increased net operating income. Well-maintained and income-producing from day one, this property presents a rare opportunity for stable cash flow with modern systems and long-term durability.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$171 USD /SF

# OF UNITS

3

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lexington Triplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R03329

ASK ABOUT THIS PROPERTY

Destiny GeorgeDestined Realty GroupMore Info
541-303-3002

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Destiny GeorgeDestined Realty GroupMore Info
541-303-3002

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