851 W 5th Ave - Apartments FOR SALE


Eugene, OR 97402
$1,400,000 USD
503-200-2072
851 W 5th Ave, Eugene, OR for Sale
$1,400,000 USD
Apartments - FOR SALE
1/22
null | 6.13% Cap Rate

851 W 5th Ave
Eugene, OR 97402


HIGHLIGHTS

  • Convenient Downtown Eugene Location less than 3 Miles from the University of Oregon.
  • Desirable Two-Bedroom Floorplans Exclusively.
  • Recent Renovations Include New Exterior Paint and Updated Bathrooms.
  • Assigned Off-Street Parking.

OVERVIEW

To view the full Offering Memorandum and financials, please visit our website at: https://www.marcusmillichap.com/properties/91182/rickshaw-apartments The Rickshaw Apartments is an eight-unit, two-story apartment complex located at 851 W 5th Ave, Eugene, Oregon 97402. The Rickshaw Apartments was originally constructed in 1968, totals 5,184 rentable square feet, and features two-bed/one-bath floorplans exclusively. Amenities include: private patios/balconies, luxury vinyl plank flooring throughout, assigned off-street parking space, on-site laundry. Recent renovations include new exterior paint, updated hickory cabinets, and updated bathrooms. Located in the southern portion of the lush Willamette Valley, Eugene, Oregon provides residents with a high quality of life and convenient access to outdoor recreation. The Rickshaw Apartments are walking distance from Downtown Eugene’s craft breweries, coffee houses, wine bars, artisanal restaurants, and boutique retail shops.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$270 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,000

CAP RATE

6.13%

% 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

1968

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

MF

APN/PARCEL ID

0265320

ASK ABOUT THIS PROPERTY

Joshua ReynoldsMarcus & MillichapMore Info
503-200-2072

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Joshua ReynoldsMarcus & MillichapMore Info
503-200-2072

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