14623 NE Coast Pine Ct - Apartments FOR SALE


Vancouver, WA 98684- Hearthwood
$3,750,000 USD
503-200-2058
14623 NE Coast Pine Ct, Vancouver, WA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/37
null | 5.54% Cap Rate

14623 NE Coast Pine Ct
Vancouver, WA 98684
Hearthwood


OVERVIEW

The 17th Street Apartments is a 13-unit ground-level complex located at 1861-1867 17th Street, Springfield Oregon. Built in 1996 & 1997, the Property sits on .76 acres, split between two tax lots and features a total of four buildings, containing a variety of one-, two- and three-bedroom units. Two units have functioning garages, eight units have converted garages into extra bedrooms, office space or additional living space. Four of the units were merged together into two units at one point in the past. These units can be converted back to separate units with the addition of some walls. Unit amenities include washer/dryer hookups, off-street parking, backyard access and front yards. Two of the buildings have received new roofs in the last 10-years, one building received a new roof in 2022. The 17th Street Apartments are located in a prime area of Springfield, close to major roads like Interstate 5 and Highway 126. Springfield is a terrific city with wooded neighborhoods, mountain views, and amazing outdoor adventures. The city is also known for its craft beer. With the Willamette and McKenzie Rivers providing activities like river rafting and fishing, and the nearby mountains offering hiking, waterfalls, and mountain biking, there’s always something to do in Springfield.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$441 USD /SF

# OF UNITS

18

PRICE/UNIT

$208,333

CAP RATE

5.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coast Pine Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,081 SF

ZONING

R9

APN/PARCEL ID

110299-010,110299-012,110299-014

ASK ABOUT THIS PROPERTY

Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

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Georgie Christensen-RileyMarcus & MillichapMore Info
503-200-2058

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