5030 Broadway St - Apartments FOR SALE


West Linn, OR 97068- Bolton | 
$1,995,000 USD
503-319-4267
5030 Broadway St, West Linn, OR for Sale
$1,995,000 USD
Apartments - FOR SALE
1/13
null | 5.01% Cap Rate

5030 Broadway St
West Linn, OR 97068
Bolton


OVERVIEW

Rare opportunity to purchase a freshly renovated 7 unit in West Linn. This building was not your typical simple cosmetic update. All building systems as well as the building shell and interiors were dealt with by the Sellers the with the intent to hold long term. Seller just completed the renovation and are in lease up and stabilization while the landscaping is being finalized. Typical unit is approximately 900 SF plus a large private balcony, all are 2 bed 1 bath. 3 units per floor on the 1st and 2nd floor plus a 3rd floor penthouse. Rents are $2,000-$2,400 per unit. Lease marketing went live last week, one unit leased and two additional units pending. -New membrane roof, gutters, and downspouts? -Fully repiped Plumbing system (ABS and Pex) with new hardware and fixtures -Updated electrical including new panels, circuits, and fixtures?. -New Heating and Cooling in each unit? -New Water Heaters? -New paint, LV flooring, lighting?, doors, and trim. -In unit Washer/Dryers? -New Appliances? -New cabinets and Quartz Counters? -New large private balconies?. -New structural steel stairs and new railings, composite decked walkways -Remodeled bathrooms, with new double vanities, showers, and fixtures -New and/or refinished siding with fresh paint? -Low maintenance drought tolerant landscaping -Lower level has large utility room with additional private storage rooms that could be rented. -Great West Linn demographics and location.? -Outside of Multnomah County (in Clackamas County) -On site and street Parking and public transit -Walking distance to Market of Choice, Dinning and Shopping, and West Linn high School *Broker is a member of the Selling entity*

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,000

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated West Linn 7 unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,191 SF

ZONING

GC

APN/PARCEL ID

00568031,00568040,00568059,00568068,05013345

ASK ABOUT THIS PROPERTY

Graham PetersonWindermere Community Commercial RealtyMore Info
503-319-4267

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Graham PetersonWindermere Community Commercial RealtyMore Info
503-319-4267

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