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1740 Spruce St 5 Unit Apartment Building $675,755 CAD ($135,151 CAD/Unit) 8.25% Cap Rate Myrtle Point, OR 97458
Investment Highlights
- Excellent location in Myrtle Point.
- Building is nicely laid out with private entrances
- Large windows and dormers creating vaulted ceilings
- Situated on a large level lot with plenty of parking and yard space
- Exterior has been well maintained with newer roof
Executive Summary
Large 5 unit apartment building in excellent location in Myrtle Point. Situated on a large level lot with plenty of parking and yard space. Building is nicely laid out with private entrances, and some small porches. Exterior has been well maintained with newer roof, windows and some siding renovations. Interior is light and bright with large windows and dormers creating vaulted ceilings as well as some recent updates including flooring, paint and attractive finishes. Excellent income production with room to increase rents and improve occupancy. Call today to schedule a private tour or get more information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $675,755 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $135,151 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 8.25% | Building Size | 4,360 SF |
| Sale Condition | Sale Leaseback | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | ||
| Zoning | R-1 - General Multi - Family Residential | ||
| Price | $675,755 CAD |
| Price Per Unit | $135,151 CAD |
| Sale Type | Investment |
| Cap Rate | 8.25% |
| Sale Condition | Sale Leaseback |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 4,360 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1985 |
| Zoning | R-1 - General Multi - Family Residential |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,533 CAD | 504 |
| 2+1 | 4 | $1,184 CAD | 845 - 870 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1001136218 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $308,526 CAD |
Property Taxes
Parcel Number
1001136218
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$308,526 CAD
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1740 Spruce St
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