Investment Real Estate - Milwaukie, Oregon - Property Detail

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Mildred Apartments

https://www.josephbernard.net/mildred-apartments

Address:: 18912 SE Mildred St, Milwaukie, Oregon 97267

Price:: $706,500

Units:: 5

Price per unit:: $141,300

Cap Rate:: 5.08%

Year Built:: 1973

Highlights

Large townhome style units
Washer/dryer hookups
Private backyard patios
Landscaped grounds
Ample parking
Quiet residential community
Close proximity to amenities on McLoughlin Blvd
Near public transportation
Low vacancy
Opportunity for immediate rent growth

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Mildred Apartments

Summary

The Mildred Apartments is a 5 unit apartment community located in Milwaukie, Oregon. The property consists of 2 bedroom/1.5 bath townhome style units, with washer/dryer hook ups and spacious floor plans. Tenants benefit from a quiet residential setting with private back-yards & patios, landscaped grounds and ample parking. Located within the thriving Milwaukie sub-market, the property is positioned near public transportation and nearby amenities on McLoughlin Blvd. The property has experienced historically low vacancy, and has room for immediate rent growth.