1010 Ivy Ave - Apartments FOR SALE


Tillamook, OR 97141
$985,000 USD
503-200-2022
1010 Ivy Ave, Tillamook, OR for Sale
$985,000 USD
Apartments - FOR SALE
1/10
null | 7.2% Cap Rate

1010 Ivy Ave
Tillamook, OR 97141


HIGHLIGHTS

  • Diverse Unit Mix for Broad Market Appeal
  • Quiet Residential Neighborhood
  • Off-Street Resident Parking

OVERVIEW

The Rhoades Group of Marcus & Millichap is pleased to present Ivy Avenue Apartments, located in picturesque Tillamook, Oregon. Ivy Avenue Apartments offer a straightforward value-add proposition in a classic single-level layout. The asset is comprised of 12 units in studio, one- and two-bedroom floorplans. Originally constructed in 1938, Ivy Avenue has received light updates over the years, but is still poised for curb appeal and interior improvements to capture tenants seeking higher-quality residential options in a town with exceptionally low vacancy and limited market-rate housing options.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

12

PRICE/UNIT

$82,083

CAP RATE

7.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

R-5

APN/PARCEL ID

R0126713

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

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Whitney RhoadesMarcus & MillichapMore Info
503-200-2022

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.