540 W 3rd Ave - Apartments FOR SALE


Junction City, OR 97448
$1,450,000 USD
541-525-6907
540 W 3rd Ave, Junction City, OR for Sale
$1,450,000 USD
Apartments - FOR SALE
1/15
null | 5.35% Cap Rate

540 W 3rd Ave
Junction City, OR 97448


OVERVIEW

Introducing 540 W. 3rd Ave., a well-maintained, newer construction multifamily property in Junction City, Oregon. Constructed in 2015 by a well respected local developer, the property consists of seven thoughtfully designed townhouse-style units, each offering approximately 830 square feet with two bedrooms and one-and-one-half bathrooms. The quality of construction, floor plans, and attractive residential setting, have contributed to the property's exceptional performance. The property has historically remained occupied with an approximate 1% historical vacancy rate throughout the seller's ownership, reflecting the strong demand for quality rental housing in the Junction City market. Consistent occupancy, coupled with professionally maintained improvements, provides investors with in-place stable cash flow. Ideally suited for a local investor or those seeking to expand an existing multifamily portfolio, 540 W. 3rd Ave. offers the combination of quality construction, and proven rental demand. This property represents an outstanding opportunity to acquire a multifamily investment with income stability and long-term appreciation potential. * Please do not disturb tenants - all showings to be coordinated through Brokers.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

7

PRICE/UNIT

$207,143

CAP RATE

5.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C/R

APN/PARCEL ID

0015543

ASK ABOUT THIS PROPERTY

Isaac Grant, CCIMCW Walker & AssociatesMore Info
541-525-6907

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Isaac Grant, CCIMCW Walker & AssociatesMore Info
541-525-6907

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