1100 N Davis St - Apartments FOR SALE


Cornelius, OR 97113
$8,500,000 USD
503-702-6362
1100 N Davis St, Cornelius, OR for Sale
$8,500,000 USD
Apartments - FOR SALE
1/24
null | 6.47% Cap Rate

1100 N Davis St
Cornelius, OR 97113


OVERVIEW

Desirable Two-Bedroom Floorplans Davis Street Apartments offers its residents an exclusive lineup of two- bedroom floorplans that are approximately 750 square feet, each unit comes with ample closet spaces, double-wide combined living/dining areas, and a fully equipped kitchen stocked with essential appliances. Walking Distance to Local Schools and Parks Located within walking distance to Echo Shaw Elementary and Harleman Park, the property appeals to families seeking accessibility to schools and outdoor amenities. Attractive Submarket with Minimal New Supply Cornelius and surrounding areas have seen limited new multifamily construction, positioning Davis Street Apartments to benefit from strong demand and minimal competition. Affordable Alternative to Portland Metro Core Davis Street Apartments offers affordability relative to Portland’s urban core, which is just 25 miles away, making it an attractive option for cost- conscious renters with regional job ties.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

46

PRICE/UNIT

$184,783

CAP RATE

6.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Davis Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.28 AC

LAND SF

99,317 SF

ZONING

A2, Cornelius

APN/PARCEL ID

R0752732,R0752750,R2125136

ASK ABOUT THIS PROPERTY

Jim GiblinThe Mogharebi GroupMore Info
503-702-6362

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Jim GiblinThe Mogharebi GroupMore Info
503-702-6362

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