$ 1,495,000
-
$1,495,000
Price -
14
Bed -
8
Bath -
6,348
SqFt
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About the Listing BIRE01 - PBARRY
The Donna Place Apartments is an 8-unit multifamily asset located in the desirable Forest Grove submarket of Washington County. Originally constructed in 1972, the property features a low-density, single-level courtyard setting with a strong history of stable occupancy.The unit mix consists of (2) one-bedroom units and (6) two-bedroom units, offering broad tenant appeal within a quiet, residential setting. The units feature large floor plans, with most units having access to large private patios. The property currently generates solid in-place income supported by a mix of long-term residents and recently updated units. There is some near-term upside in the rents, along with additional revenue sources that can be further utilized – including the addition of Utility Bill back (not currently in place), and the implementation of storage locker rentals (currently on-site but not being rented *Potential for a new owner to renovate and capitalize on storage revenue*).Ownership has completed several capital improvements over time, including a new roof in 2017, and many ongoing interior updates at unit turnovers. The property has also benefited from the installation of new PEX water lines installed roughly 15-20 years ago, and new energy efficient vinyl windows & sliders throughout (installed roughly 15-20 years ago).The Donna Place Apartments offer investors the opportunity to acquire a well-maintained, stabilized asset with clear operational upside. A rare opportunity to invest in Forest Grove, one of Washington County’s most stable and desirable submarkets.Seller is a licensed real estate broker in the State of Oregon and is acting as the listing broker for the Property.
Listing Highlights
Status
Active
Days on Site
8
Property Type
Multi-Family
MLS ®
518419674
Year Built
1972
Total Square Footage
6,348
Lot/Acreage
0.36
Interior Details
- Bedrooms: 14
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public Water
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: CC
- Roof: Composition
- Others:
- Sewer: Public Sewer
- Parking Features: Assigned,Off Street
Financial Details
- Tax Amount: $8,070
- Taxes w/Assessments: N/A
- Tax/Property ID: R415090
- Tax Year: N/A
Payment Calculator
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Questions About..
3124 19th Pl Forest Grove, OR 97116
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