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1120 NE 17th Ave
Hillsboro, OR 97124
Cornell Place · Immeuble residentiel Propriété À vendre
·
12 Unités
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- HEART OF THE SILICON FOREST - Home to major employers including Intel, Nike, and other Hillsboro Technology Firms Supporting Consistent Rental Demand
- RECENT CAPITAL IMPROVEMENTS - Newer Roofs Reduce Near-Term Capital Expenditures and Enhance Long-Term Ownership Stability
- VALUE-ADD POTENTIAL - Continued Interior Renovations Provide Opportunity to Increase Rents Through Proven Upgrade Strategy
- 1973 VINTAGE ASSET - Twelve Unit Hillsboro Community Featuring Four One-Bedroom and Eight Two-Bedroom Apartments
- STRONG IN-PLACE CASH FLOW - Stabilized Income Supported by RUBS Program Enhancing Expense Recovery and Efficiency
- ATTRACTIVE SUBMARKET LOCATION - Positioned in Supply-Constrained Area With Strong Demographics and Population Growth
Résumé de l'annonce
The Rhoades Group of Marcus & Millichap is pleased to exclusively represent the sale of Cornell Place Apartments, a 12-unit multifamily community located at 1120 NE 17th Ave in Hillsboro, Oregon.? Built in 1973, the property features a highly desirable unit mix of four one-bedroom and eight two-bedroom apartments, appealing to a wide range of tenant demographics in one of the Portland metro’s most established rental markets.?
Cornell Place Apartments offers strong in-place cash flow supported by an existing RUBS program, providing immediate operational efficiency and expense recovery.? The asset presents a clear value-add opportunity through continued interior renovations.? Select units have been upgraded with luxury vinyl plank flooring and faux granite countertops, establishing a proven pathway to achieving rental premiums and improving overall performance.? Recent capital improvements, including newer roofs, reduce near-term capital expenditure requirements and enhance ownership stability.?
The property features mature landscaping, open greenspaces, and private patios or decks, contributing to an attractive living environment and strong tenant retention.? Additional amenities include approximately 25 off-street parking spaces and a common laundry facility.? Strategically positioned near major employers such as Intel, Nike, and the broader Silicon Forest technology corridor, the property benefits from a deep and stable employment base that continues to drive population growth and rental demand.? Cornell Place Apartments represents a compelling opportunity combining stable income, operational efficiencies, and meaningful long-term upside potential.?
Cornell Place Apartments offers strong in-place cash flow supported by an existing RUBS program, providing immediate operational efficiency and expense recovery.? The asset presents a clear value-add opportunity through continued interior renovations.? Select units have been upgraded with luxury vinyl plank flooring and faux granite countertops, establishing a proven pathway to achieving rental premiums and improving overall performance.? Recent capital improvements, including newer roofs, reduce near-term capital expenditure requirements and enhance ownership stability.?
The property features mature landscaping, open greenspaces, and private patios or decks, contributing to an attractive living environment and strong tenant retention.? Additional amenities include approximately 25 off-street parking spaces and a common laundry facility.? Strategically positioned near major employers such as Intel, Nike, and the broader Silicon Forest technology corridor, the property benefits from a deep and stable employment base that continues to drive population growth and rental demand.? Cornell Place Apartments represents a compelling opportunity combining stable income, operational efficiencies, and meaningful long-term upside potential.?
Faits sur la propriété
| Prix par unité | 229 823 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,63 AC |
| Taux de capitalisation | 6,29% | Taille du bâtiment | 9 800 pi² |
| Nombre d’unités | 12 | Occupation moyenne | 92% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1973 |
| Style d’appartement | De faible hauteur | Ratio de stationnement | 2,45/1 000 pi² |
| Zonage | PUD R-7, Hillsboro | ||
| Prix par unité | 229 823 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 6,29% |
| Nombre d’unités | 12 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,63 AC |
| Taille du bâtiment | 9 800 pi² |
| Occupation moyenne | 92% |
| Nombre d’étages | 2 |
| Année de construction | 1973 |
| Ratio de stationnement | 2,45/1 000 pi² |
| Zonage | PUD R-7, Hillsboro |
Commodités
Commodités du site
- Installations de lessive
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 8 | - | - |
Impôts fonciers
| Numéro de lot | R0711867 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 1 340 196 $ CAD |
Impôts fonciers
Numéro de lot
R0711867
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
1 340 196 $ CAD
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