Bought with Joseph Bernard LLC
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1700 N DAVIS ST Cornelius, OR 97113
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Key Details
Sold Price $850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,452 sqft
Price per Sqft $155
MLS Listing ID 23491251
Sold Date 05/01/23
Year Built 1972
Annual Tax Amount $4,231
Tax Year 2022
Property Description
The Davis Street Apartments feature 5 units in the high demand sub-market of Cornelius, Oregon. The property benefits from a central location within Cornelius and offers a serene garden style setting for tenants to enjoy. The community is comprised of single-level, 2BR/1BA units, with each unit offering a spacious open floor plan, along with W/D hookups & attached garages. The current ownership has taken a pride of ownership approach to managing and improving the asset over time ? which presents an opportunity to step into a turn-key asset, with proven upside in the rents. Major improvements include new roofing, windows, parking lot, water lines, unit doors, garage doors, fencing, and various unit upgrades over time. A rare and exciting opportunity to acquire a well-cared for legacy asset.
Location
State OR
County Washington
Area _149
Zoning CR
Rooms
Basement Crawl Space
Interior
Heating Baseboard
Exterior
View Y/N false
Roof Type Composition
Parking Type Attached, Garage
Garage No
Building
Story 1
Sewer Public Sewer
Water Public Water
Level or Stories 1
Schools
Elementary Schools Other
Middle Schools Neil Armstrong
High Schools Forest Grove
Others
Acceptable Financing CallListingAgent
Listing Terms CallListingAgent
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