271 Clay St E - Apartments FOR SALE


Monmouth, OR 97361
$999,998 USD
503-386-1582
271 Clay St E, Monmouth, OR for Sale
$999,998 USD
Apartments - FOR SALE
1/24
null | 6.89% Cap Rate

271 Clay St E
Monmouth, OR 97361


HIGHLIGHTS

  • Close to Western Oregon University

OVERVIEW

Exciting investment opportunity! Updated 6-plex in the heart of Monmouth, less than a mile from WOU. Originally designed w/ 5 units, but its value has recently enhanced with addition of a 6th unit, completed in 3/2023. 5 units feature 2 beds/1 bath. 6th unit, with modern finishes offers 1 bed/1 bath. Professionally managed since 2022, this complex is maintained & overseen with great care. NEW ROOF!

FOR SALE DETAILS

PRICE

$999,998 USD

PRICE/SF

$226 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,666

CAP RATE

6.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

High Density Residential

APN/PARCEL ID

190264

ASK ABOUT THIS PROPERTY

Dewey WhittonThe Salem Real Estate GroupMore Info
503-386-1582

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Dewey WhittonThe Salem Real Estate GroupMore Info
503-386-1582

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