2447 Roosevelt Blvd - Apartments FOR SALE


Eugene, OR 97402- Trainsong
$2,295,000 USD
503-349-3499
2447 Roosevelt Blvd, Eugene, OR for Sale
$2,295,000 USD
Apartments - FOR SALE
1/19
null | 6.77% Cap Rate

2447 Roosevelt Blvd
Eugene, OR 97402
Trainsong


HIGHLIGHTS

  • Offering is priced @ a 6.77% CAP on actuals (7.28% estimated CAP @ projected full market rents)
  • Extensive renovations since 2018 (new roofs, new siding, exterior paint, full interior renovations & more)
  • All 3 bedroom / 1.5 bathroom units (1156 sq. ft.) - washer/dryer hookups - private single-car detached garage
  • Low maintenance grounds for easy upkeep
  • Seller intends on completing a 1031 exchange into larger property (see other listing from seller @ 205 SE 6th Ave & 208 SE 5th Ave, Albany, OR 97321)

OVERVIEW

Roosevelt Townhomes is a 10-unit townhome complex located at 2447 Roosevelt Blvd, Eugene, OR 97402. Constructed in 1995, the property comprises a total of 11,564 square feet and features exclusively two-story units with 3 bedrooms and 1.5 bathrooms. Each unit includes a private detached single-car garage. All units are equipped with washer and dryer hookups in the downstairs bathroom. Additionally, there are two double-car garages available for lease, providing supplementary income. Recent exterior capital improvements include new roofs on all four structures completed in 2018, as well as new siding, exterior paint, and gutters installed in 2022. Additionally, all units underwent extensive renovations in 2023, which included the installation of LVP flooring, new cabinets, countertops, interior paint, new upstairs carpet, and stainless-steel appliances. The owner invested over $275,000 in these renovations.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

10

PRICE/UNIT

$229,500

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roosevelt Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3

APN/PARCEL ID

0448124

ASK ABOUT THIS PROPERTY

Mike CarlsonRealty Yield Inc.More Info
503-349-3499

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Mike CarlsonRealty Yield Inc.More Info
503-349-3499

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