HIGHLIGHTS
- Completed in 2021, the property benefits from modern construction standards, and has a low risk of deferred maintenance.
- The property features solar panels, thermal heating systems, and water-saving appliances that minimize both operating costs and environmental impact.
- Located directly on a light rail stop, the asset has great public transit access and close proximity to major thoroughfares.
- The property is fully leased and designed as workforce housing, a highdemand segment that supports long-term stability.
- Through leasing two ground-floor commercial spaces and/or daylight basement you can improve your annual scheduled revenue.
- Through implementing charges to laundry machines, Wi-Fi service, and individual tenant storage units you can further increase your potential income.
FOR SALE DETAILS
PRICE
$4,200,000 USD
PRICE/SF
$168 USD /SF
# OF UNITS
32
PRICE/UNIT
$131,250
CAP RATE
6.56%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Green Seed Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2022
PARKING SPACES
16
LAND DETAILS
LAND ACRES
0.51 AC
LAND SF
22,167 SF
ZONING
-
APN/PARCEL ID
R217908
ASK ABOUT THIS PROPERTY
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503-720-8147
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503-720-8147
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
