650 5th St - Apartments FOR SALE


Brookings, OR 97415
$3,000,000 USD
541-745-4050
650 5th St, Brookings, OR for Sale
$3,000,000 USD
Apartments - FOR SALE
1/12
null | 5.85% Cap Rate

650 5th St
Brookings, OR 97415


HIGHLIGHTS

  • location
  • value add
  • only 10 turns remain

OVERVIEW

Cedar Village Apartments presents investors with a value add project with only 10 turns remaining. Located near schools and the main commercial corridor, the complex is situated near public transit, public schools, and parks and recreation areas. The southern Oregon coast faces affordability and supply challenges. Coupled with positive net immigration from California, Cedar Village represents a strong value buy with a robust value add component.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

20

PRICE/UNIT

$150,000

CAP RATE

5.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedar Village

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

R3

APN/PARCEL ID

R14311

ASK ABOUT THIS PROPERTY

Bjorn BeerSVN | Imbrie RealtyMore Info
541-745-4050

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Bjorn BeerSVN | Imbrie RealtyMore Info
541-745-4050

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