110 S 7th St - Apartments FOR SALE


Carlton, OR 97111 | 
$2,500,000 USD
503-587-4777
110 S 7th St, Carlton, OR for Sale
$2,500,000 USD
Apartments - FOR SALE
1/12
null | 5.93% Cap Rate

110 S 7th St
Carlton, OR 97111


HIGHLIGHTS

  • High quality construction completed by Celtic Homes in 2023
  • All units are 2 bedroom and 2 bathroom

OVERVIEW

Like-new 10 unit apartment complex in Carlton, Oregon! High quality construction completed by Celtic Homes in 2023 - builder built and owned. All units are 2 bedroom and 2 bathroom with mini split heating and AC, and in-unit laundry. Investor opportunity to join this growing boutique market in Yamhill County! The Carlton community is located just a short drive from McMinnville, the property in Carlton, OR, offers easy access to major cities for commuters. McMinnville is a mere 15-minute drive away, providing access to additional amenities and employment opportunities. Furthermore, Portland is approximately 40 miles northeast, offering a gateway to a wide range of urban conveniences and cultural attractions. The property's strategic positioning allows residents to enjoy the tranquility of Carlton while maintaining accessibility to larger city centers, making it an ideal choice for those seeking a balanced lifestyle.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

5.93%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carlton Palms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,580 SF

ZONING

R2

APN/PARCEL ID

713290

ASK ABOUT THIS PROPERTY

Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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Alex RhotenColdwell Banker Commercial Mountain WestMore Info
503-587-4777

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