343 E 15th Ave - Apartments FOR SALE


Eugene, OR 97401- West University
$1,595,000 USD
541-683-9001
343 E 15th Ave, Eugene, OR for Sale
$1,595,000 USD
Apartments - FOR SALE
1/15
null | 5.99% Cap Rate

343 E 15th Ave
Eugene, OR 97401
West University


HIGHLIGHTS

  • West University of Oregon Campus Neighborhood
  • Off Street Parking
  • On-SIte Coin Laundry

OVERVIEW

1479 High Street & 343 E 15th Avenue, Eugene Oregon - 9 Unit 2 Bed/ 1 Bath Apartment Building With Detached 3 Bed / 1 Bath House on single 0.29 Acre West University Neighborhood Tax-Lot LOCATION: The 1479 High Street Apartment Complex, commonly categorized as West campus alternative student hous- ing, is ideally situated a short walk or biking distance from the all amenities the University of Oregon and East Downtown Eugene have to offer. Centrally located in the Eugene/Springfield urban metropolitan area with easy freeway & interstate access, this prime location offers consistently high both long term rental and affordable student housing demand with extremely low vacancy rates, long term investment stability & po- tential rent growth. PROPERTY / BUILDING CHARACTERISTICS: The 1479 High Street property has been under the current ownership and professional property manage- ment for the last 35 years. The apartment building built in 1969, offers roof and gutters that are less than 10 years old, fresh exterior trim paint, and all unit interiors having various levels of updating and periodic im- provements. Exterior staircase replacement has been engineered and is slated to be completed with this sale. The stand alone house structure built in 1928, boasts charming historical characteristics while featuring a brand new roof, modern updates to the kitchen, bath, electrical & plumbing, and an unfinished basement with laundry hook-ups. Foundation stabilization and front entry porch repairs estimates have been obtained and are slated to be completed with this sale. Located on a 0.28 acre lot with R-3 zoning, building expan- sions with a significant unit count may be achievable (buyer to confirm feasibility with City)

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$128 USD /SF

# OF UNITS

10

PRICE/UNIT

$159,500

CAP RATE

5.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-3

APN/PARCEL ID

0275857

ASK ABOUT THIS PROPERTY

Matt BrysonMetco Investment Realty Inc.More Info
541-683-9001

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Matt BrysonMetco Investment Realty Inc.More Info
541-683-9001

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