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Forest Grove 5-Unit

Forest Grove 5-Unit

https://www.josephbernard.net/1806_elm
Address:
1806 Elm Street, Forest Grove, Oregon 97116
Price:
$420,000
Units:
5
Price per unit:
$84,000
Cap Rate:
6.95%
Year Built:
1910

Highlights

  • Located Two Blocks from Pacific University
  • New Lighting, Kitchens, & Bathrooms
  • New Plumbing & Electrical
  • New Walls & Floor Coverings
  • New Roof & Windows
  • Detailed Renovations to Interior and Exterior
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Forest Grove 5-Unit

Summary

This vintage 5-unit building is located in the heart of Forest Grove, a small suburb about 20 miles west of Portland, Oregon.  It features large, well managed units averaging 1,000+ square feet.

In 2002 the property was completely gutted and rebuilt.  Now, it has all new systems, including detailed renovations to the interior and exterior.  The improvements include new windows, roof, walls, floor covering, plumbing, electrical, lighting, kitchens, and bathrooms.

Highlights

  • Located Two Blocks from Pacific University
  • New Lighting, Kitchens, & Bathrooms
  • New Plumbing & Electrical
  • New Walls & Floor Coverings
  • New Roof & Windows
  • Detailed Renovations to Interior and Exterior
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Forest Grove 5-Unit

The city of Forest Grove is located in Washington County, twenty miles west of Portland, Oregon.  It is well known for its small town, vintage charm, antique shops, and strong community involvement.

This five unit property is located approximately two blocks from Pacific University, the first university established west of the Mississippi.  Old College Hall on campus is listed on the National Register of Historic Places, along with nine other structures in the city of Forest Grove.  Forest Grove is also home to five golf courses, six local wineries, and nine city parks.

The small town is surrounded by rolling hills, evergreen forests, and vineyards providing a scenic backdrop for an abundance of recreational activities.  Community events include the annual chalk art festival, as well as the weekly Farmer's Market, which runs from May to October.

Some of the larger Forest Grove employers include Pacific University, Forest Grove School District, Tuality Hospital, and Merix Corp.

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Forest Grove 5-Unit

Donna's Place
3118-3124 19th Place, Forest Grove, Oregon, 97116
josephbernard
Price: $500,000 Units: 8 Price per Unit: $62,500 Cap Rate: 6.89%
1806 Elm Street
1806 Elm Street, Forest Grove , Oregon, 97116
josephbernard
Price: $420,000 Units: 5 Price per Unit: $84,000 Cap Rate: 6.95%
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Forest Grove 5-Unit

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Forest Grove 5-Unit

Document Title Document Type
Property Flyer Adobe PDF
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Forest Grove 5-Unit

Phillip Barry
pbarry@josephbernard.net
Joseph Bernard, LLC
5200 SW Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
503.546.9395 Fax