Davis Street Apartments 1100 N Davis St 46 Unit Apartment Building $11,027,768 CAD ($239,734 CAD/Unit) 6.38% Cap Rate Cornelius, OR 97113

The Mogharebi Group is pleased to present the opportunity to acquire Davis Street Apartments, a 46-unit garden-style apartment community located at 1100 North Davis Street in Cornelius, Oregon. This Class B asset benefits from a consistent unit mix of two-bedroom floorplans, each approximately 750 square feet in size. The property
offers a range of amenities designed to enhance resident satisfaction, including large windows that allow ample natural light, spacious bathrooms, electric ranges, and carpeting. Community features comprise a picnic area, basketball court, courtyard, laundry facilities, BBQ grill, on-site parking, and 24-hour maintenance services.
Strategically situated in Cornelius, the property is within walking distance to downtown, offering residents easy access to coffee shops, boutiques, and the library. The location boasts a Walk Score of 58, indicating that some errands can be accomplished on foot, and a Bike Score of 74, reflecting very bikeable conditions. Proximity to public transportation is another advantage, with multiple bus stops located within 0.3 miles, facilitating convenient commutes to surrounding areas. The area is experiencing growth, with ongoing infrastructure improvements enhancing its appeal to potential tenants. Given its desirable unit mix, comprehensive amenities, and prime location, Davis Street Apartments represents a compelling investment opportunity with strong potential for tenant retention and value appreciation.