591 W Sherman St - Apartments FOR SALE


Lebanon, OR 97355
$1,395,000 USD
503-390-6060
591 W Sherman St, Lebanon, OR for Sale
$1,395,000 USD
Apartments - FOR SALE
1/32
null | 6.47% Cap Rate

591 W Sherman St
Lebanon, OR 97355


OVERVIEW

Single story 10-unit apartment complex built in 1948 in West Lebanon. Building consists of (3) 2 bed / 1 bath units and (7) 1 bed / 1 bath units. Currently offered at a 6.47% cap rate on actuals and an 8.3% cap on highest achieved rents. Two of the ten units have been fully renovated. Property features a central courtyard, some off-street parking and onsite laundry room.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

10

PRICE/UNIT

$139,500

CAP RATE

6.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,522 SF

ZONING

RM

APN/PARCEL ID

0180006

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 Policy.