9414 SE Causey Ave - Apartments FOR SALE


Happy Valley, OR 97086
$1,440,000 USD
541-419-7253
9414 SE Causey Ave, Happy Valley, OR for Sale
$1,440,000 USD
Apartments - FOR SALE
1/71
null | 4% Cap Rate

9414 SE Causey Ave
Happy Valley, OR 97086


HIGHLIGHTS

  • 3 separate tax lots
  • well cared for
  • Great access to all amenities

OVERVIEW

Exceptional Investment Opportunity in the Heart of Happy ValleyBuyers and investors will love this prime location! Welcome to this exceptionally clean and beautifully maintained three-townhome property located in the heart of Happy Valley.Positioned in a highly desirable area with easy access to shopping, grocery stores, dining, and everyday conveniences, this property offers both lifestyle and income potential. Just minutes from major commuter routes including Interstate 205, making travel throughout the Portland metro area simple and convenient.This is a rare opportunity for an owner-occupied investment—live in one townhome while generating income from the other two. One unit is currently operating as a successful short-term rental through Vrbo, creating an opportunity for immediate income. Unit 9014 is fully furnished, allowing the next owner to seamlessly continue the existing VRBO bookings.Each of the three townhomes has been meticulously maintained and thoughtfully updated. The versatile floor plans feature three bedrooms, with two bedrooms upstairs and a third bedroom on the main level, offering flexibility for multi-generational living, home offices, or rental configurations.Quality upgrades and design elements include custom Brazilian cherry hardwood floors, new carpet, newer roof, fresh paint, and numerous additional improvements that enhance both style and durability. 3 garages with 3 more designated parking spots. 1 for each unit. Seller has rented each unit out around $3000 a month with tenant paying utilities, One unit is a successful VRBO. email for the books

FOR SALE DETAILS

PRICE

$1,440,000 USD

PRICE/SF

$960 USD /SF

# OF UNITS

3

PRICE/UNIT

$480,000

CAP RATE

4%

% LEASED

27%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9414 SE Causey Ave

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

MR2

APN/PARCEL ID

05021955

ASK ABOUT THIS PROPERTY

Valerie HunterH & H Preferred Real EstateMore Info
541-419-7253

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Valerie HunterH & H Preferred Real EstateMore Info
541-419-7253

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