160 Whitman St N - Apartments FOR SALE


Monmouth, OR 97361- Monmouth/Independence
$2,350,000 USD
503-390-6060
160 Whitman St N, Monmouth, OR for Sale
$2,350,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

160 Whitman St N
Monmouth, OR 97361
Monmouth/Independence


OVERVIEW

The Whitman 16 is a value-add 16-unit property directly adjacent to Western Oregon University. The property features (12) large 2 bed / 1 bath units and (4) 1 bed / 1 bath units situated on 0.69 acres. Property has a brand-new exterior, new siding, paint, windows, doors, and roofs. Most recent leases at $1,350 puts projected NOI at $166,896 and a 7.27% cap rate. Please do not disturb the residents. Members of the selling entity are Licensed Real Estate Brokers in the State of Oregon.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

16

PRICE/UNIT

$146,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

871 SF

ZONING

RH

APN/PARCEL ID

193872

ASK ABOUT THIS PROPERTY

Eric SwansonSMI Real EstateMore Info
503-390-6060

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Eric SwansonSMI Real EstateMore Info
503-390-6060

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