Davis Street Apartments

Davis Street Apartments
https://www.josephbernard.net/davis-street-apartments- Address:
- 1700 N Davis Street, Cornelius, Oregon 97113
- Price:
- $850,000
- Units:
- 5
- Price per unit:
- $170,000
- Cap Rate:
- 5.08%
- Year Built:
- 1972
Highlights
- Garden style pride of ownership complex, with a rich history of serving the community well
- Extensive Capital improvements completed in recent years
- Spacious 2BR floor plans, with W/D hookups & attached garages for each unit
- Low-vacancy sub-market, with historically strong renter demand
- Appealing Washington County location, with very attractive property taxes
- Residential setting, but nearby to many amenities within the growing sub-market of Cornelius
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Davis Street Apartments
Summary
The Davis Street Apartments feature 5 units in the high demand sub-market of Cornelius, Oregon. The property benefits from a central location within Cornelius and offers a serene garden style setting for tenants to enjoy. The community is comprised of single-level, 2BR/1BA units, with each unit offering a spacious open floor plan, along with W/D hookups & attached garages. The current ownership has taken a pride of ownership approach to managing and improving the asset over time – which presents an opportunity to step into a turn-key asset, with proven upside in the rents. Major improvements include new roofing, windows, parking lot, water lines, unit doors, garage doors, fencing, and various unit upgrades over time. A rare and exciting opportunity to acquire a well-cared for legacy asset.
Highlights
- Garden style pride of ownership complex, with a rich history of serving the community well
- Extensive Capital improvements completed in recent years
- Spacious 2BR floor plans, with W/D hookups & attached garages for each unit
- Low-vacancy sub-market, with historically strong renter demand
- Appealing Washington County location, with very attractive property taxes
- Residential setting, but nearby to many amenities within the growing sub-market of Cornelius
Davis Street Apartments
N Davis Street/N 19th Avenue
Davis Street Apartments
Davis Street Apartments
Document Title | Document Type |
---|---|
Property Flyer | Adobe PDF |
Davis Street Apartments
Phillip Barry
pbarry@josephbernard.net5200 S Macadam Avenue
Suite 300
Portland, Oregon 97239
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax