Investment Real Estate - Sandy, Oregon - Property Detail

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Alpine Village Apartments

https://www.josephbernard.net/alpine-village

Address:: 37950 Highway 26, Sandy, Oregon 97055

Price:: $1,925,000

Units:: 28

Price per unit:: $68,750

Cap Rate:: 8.24%

Year Built:: 1973

Highlights

Private Backyards for Tenants
Units Feature Dishwasher, Refrigerator, Washer/Dryer Hookups
Low Density Property with Mature Landscaping
Duplex Style Living in a Courtyard Setting

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Alpine Village Apartments

Summary

The Alpine Village Apartments are a lovely 28 unit community located near Mt Hood in the town of Sandy, Oregon. The property features duplex style living in an open courtyard setting. The low-density layout offers open green areas and manicured, mature landscaping.

The property consists of mostly two bedroom units and one single family home on three tax lots. Units feature electric stoves, refrigerators, dishwashers, and washer/dryer hookups. Each unit also offers a private backyard for tenants to enjoy.

Highlights

Private Backyards for Tenants
Units Feature Dishwasher, Refrigerator, Washer/Dryer Hookups
Low Density Property with Mature Landscaping
Duplex Style Living in a Courtyard Setting

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Alpine Village Apartments

The City of Sandy serves as a gateway to Mt. Hood. Sandy is surrounded by an expanse of scenic rivers and wilderness areas, offering a wide variety of recreational opportunity. As of the 2011 US Census, 31% of the population in Sandy were renters.

The city's industrial base is expanding at the west end of town. Major employers include Oregon Trail School District, US Metal Works INc., Safeway Stores, Suburban Ford and Regency at Scenic Point. The town is located only 10 miles from Gresham and a few minutes more to the large urban population of east Multnomah County. Sandy is also within one half hour of year-round downhill skiing at Timberline Ski Resort and other recreational activities in the Mt. Hood National Forest.