Listed by Evans, Elder Brown & Seubert
$1,895,000
998 Ferry Lane
Details
APN 17-03-32-23-04400
Property Type Multifamily, Special Purpose
Sub Type Student Housing, Group Living
Square Footage 4,955
Units 24
Cap Rate 7.54%
NOI $142,918
Occupancy 100%
Tenancy Single
Year Built 1928
Year Renovated 2017
Stories 4
Acreage 0.200
Zoning High Density Residential
Investment Type Stabilized
Multifamily | 7.54% CAP | 24 Units
Marketing description
998 Ferry Lane is a Group Living Facility located adjacent to the University of Oregon campus. This 4,955 square foot building was originally constructed in 1928 and underwent a $550,000 renovation in 2017. The structure meets occupancy standards for Group R-2 Congregate Campus Living Organization Facility and offers 24 occupant capacity across four levels including basement, first floor, second floor, and third floor.
Investment highlights
- 24 occupant capacity
- Renovated in 2017
- $1,895,000
Listing Contacts
Listed by Evans, Elder Brown & Seubert
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$142,918.00
$11,909.83/mo
Valuation Metrics
0
DSCR
7.54%
Cap Rate
7.54%
ROI
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