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31882228
31882229

4 Locations

CV
OR 201252758
First Commercial Real Estate Services
Listed by First Commercial Real Estate Services
$7,290,000
44 days on market
Updated 44 days ago

Ecols Street Townhouses Portfolio

Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 35,265
Units 27
Cap Rate 4.29%
NOI $312,664
Pro-Forma Cap Rate 7.28%
Pro-Forma NOI $407,836
Year Built 2003, 2005
Buildings 4
Acreage 1.790
Zoning RM & RH
Investment Type Value Add

501-529 Warren St S, Monmouth, OR 97361-2212

Marketing description

The Ecols Street Student Housing Portfolio is a 27-unit multifamily collection spanning four properties in Monmouth, Oregon with close proximity to Western Oregon University. The portfolio offers a rare concentration of newer-vintage, large-format townhouse and apartment product built between 2003 and 2005, with one asset dating to 1941/1998. Combined, the properties generate over $505,000 in gross potential income with a total portfolio list price of $7,290,000. Each asset features strong in-place occupancy, immediate rent upside through market-rate stabilization (estimated to be $1,900-$2,300/mo), and appeal to both student-housing investors and long-term multifamily operators. The portfolio may be acquired collectively or as individual parcels. Ownership has self-managed for 20+ years and is ready for retirement.  

Listing Contacts

CV
OR 201252758
First Commercial Real Estate Services
Listed by First Commercial Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$312,664.00
$26,055.33/mo

Valuation Metrics

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DSCR
4.29%
Cap Rate
4.29%
ROI

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Additional Information

Name
Conrad Venti
License
201252758
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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