341-349 NE 6th St - Apartments FOR SALE


Prineville, OR 97754
$925,000 USD
541-848-7687
341-349 NE 6th St, Prineville, OR for Sale
$925,000 USD
Apartments - FOR SALE
1/8
null | 5.49% Cap Rate

341-349 NE 6th St
Prineville, OR 97754


HIGHLIGHTS

  • Potential to subdivide into three lots per owner
  • Value-add opportunity through rent increases and/or subdivision
  • Great rental history w/ all 8 units rented

OVERVIEW

8 units consisting of two duplexes and one fourplex on a .33 acre lot. All units are one bedroom and one bathroom. Two of the units interiors have been recently updated but there is still a significant value add opportunity here. Other improvements include new roofs, cement lap siding and paint on all buildings. Current rents are mostly under market, contact listing broker for financials and rental proforma.

FOR SALE DETAILS

PRICE

$925,000 USD

PRICE/SF

$231 USD /SF

# OF UNITS

8

PRICE/UNIT

$115,625

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R4

APN/PARCEL ID

007561

ASK ABOUT THIS PROPERTY

Ian BergInvest In Bend Real EstateMore Info
541-848-7687

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Ian BergInvest In Bend Real EstateMore Info
541-848-7687

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