Listed by Capacity Commercial Group
$3,600,000
Tabor Terrace Apartments
Details
Property Type Multifamily
Sub Type Apartment Building, Student Housing
Square Footage 19,800
Units 24
Cap Rate 6.50%
Occupancy 100%
Pro-Forma NOI $234,000
Class C
Buildings 3
Stories 2
Lot Size (SqFt) 40,269
FOR SALE | 24-Unit Multi-Family Investment Opportunity
Marketing description
24-Unit Multi-Family Investment Opportunity
Absolute Net Lease Sale | 10 Year NNN Term
Gross Land: 40,269 SF
Building: 3 Buildings | 19,800 SF Total
Unit Mix: 2 Bed, 1 Bath
Tenant: Warner Pacific University
Sale Price: $3,600,000 ($150,000/unit)
CAP Rate: 6.50%
NOI - Year 1: $234,000
Annual Rent Increases: 3%
Term: 10 Years NNN
Investment highlights
Brand New Roofing
Value-add 24-Unit Apartment Building in the South Tabor Neighborhood
Offers Stable, Long-term Cash Flow and a Strong Credit Tenant
Operating as Student Housing for Warner Pacific University
Ideally Located Near the Retail Corridors of SE Division, Hawthorne, and Belmont
Listing Contacts
Listed by Capacity Commercial Group
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