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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
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Davis Street Apartments

N Davis Street/N 19th Avenue

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Davis Street Apartments

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Davis Street Apartments

Document Title Document Type
Property Flyer Adobe PDF
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Davis Street Apartments

Phillip Barry
pbarry@josephbernard.net
Joseph Bernard, LLC
5 Centerpointe Drive, Suite 400
Lake Oswego, OR 97035
503.546.9390 Main
866.546.9390 Toll Free
877.631.5610 Fax