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1600 Eldon Ave
Baker City, OR 97814
Brookside Manor · Immeuble residentiel Propriété À vendre
·
20 Unités
Certaines informations ont été traduites automatiquement.
FAITS SAILLANTS DE L'INVESTISSEMENT
- Fully subsidized HAP Contract with 10 years left.
- On-site community center and laundry room.
- Strong rental history.
- Strong maintenance history.
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to present Brookside Manor, a stable and attractive opportunity to acquire a 20-unit, fully subsidized HAP Affordable Housing community
located in Baker City, Oregon. This property is ideally suited for Affordable Housing investors or mission-aligned operators seeking to preserve long-term Section 8
affordability and explore re-syndication potential through the Low-Income Housing Tax Credit (LIHTC) program or a contract renewal strategy upon HAP expiration.
Brookside Manor is comprised of twenty-one-bedroom units, all covered under a Project-Based Section 8 HAP contract. The current contract is set to expire on
November 1st, 2034.
The current ownership has invested significantly in the property over the past decade. In 2015, ownership completely rebuilt the property’s fencing, sidewalks, and
storm drain system. They also fully excavated and reconstructed the parking lot and its underlying roadbed and drainage systems. Over time, ownership has also
replaced the hot water heaters, stoves, and refrigerators—always opting for better-quality units. Turnover units are repainted and refreshed with new flooring as needed.
In the past two years, all unit foundations have been rebuilt and sealed, and the site has been regraded to enhance runoff and long-term drainage performance.
Baker City, Oregon is a strategically located community along Interstate 84, serving as the county seat and commercial center of Baker County. With a population of
approximately 10,135, Baker City benefits from a stable and aging demographic, with over 23% of residents aged 65 or older. The city’s economic base includes
healthcare, retail, and tourism, supported by regional draws such as the Oregon Trail Interpretive Center, outdoor recreation, and a revitalized historic downtown. Its
manageable size and steady demand for affordable rental housing position it as a resilient location for long-term housing investment.
located in Baker City, Oregon. This property is ideally suited for Affordable Housing investors or mission-aligned operators seeking to preserve long-term Section 8
affordability and explore re-syndication potential through the Low-Income Housing Tax Credit (LIHTC) program or a contract renewal strategy upon HAP expiration.
Brookside Manor is comprised of twenty-one-bedroom units, all covered under a Project-Based Section 8 HAP contract. The current contract is set to expire on
November 1st, 2034.
The current ownership has invested significantly in the property over the past decade. In 2015, ownership completely rebuilt the property’s fencing, sidewalks, and
storm drain system. They also fully excavated and reconstructed the parking lot and its underlying roadbed and drainage systems. Over time, ownership has also
replaced the hot water heaters, stoves, and refrigerators—always opting for better-quality units. Turnover units are repainted and refreshed with new flooring as needed.
In the past two years, all unit foundations have been rebuilt and sealed, and the site has been regraded to enhance runoff and long-term drainage performance.
Baker City, Oregon is a strategically located community along Interstate 84, serving as the county seat and commercial center of Baker County. With a population of
approximately 10,135, Baker City benefits from a stable and aging demographic, with over 23% of residents aged 65 or older. The city’s economic base includes
healthcare, retail, and tourism, supported by regional draws such as the Oregon Trail Interpretive Center, outdoor recreation, and a revitalized historic downtown. Its
manageable size and steady demand for affordable rental housing position it as a resilient location for long-term housing investment.
FAITS SUR LA PROPRIÉTÉ
| Prix par unité | 148 834 $ CAD | Taille du lot | 1,12 AC |
| Type de vente | Investissement | Taille du bâtiment | 11 250 pi² |
| Taux de capitalisation | 5,86% | Occupation moyenne | 100% |
| Nombre d’unités | 20 | Nombre d’étages | 1 |
| Type de propriété | Immeuble residentiel | Année de construction | 1979 |
| Style d’appartement | Jardin | Ratio de stationnement | 1,78/1 000 pi² |
| Prix par unité | 148 834 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,86% |
| Nombre d’unités | 20 |
| Type de propriété | Immeuble residentiel |
| Style d’appartement | Jardin |
| Taille du lot | 1,12 AC |
| Taille du bâtiment | 11 250 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 1 |
| Année de construction | 1979 |
| Ratio de stationnement | 1,78/1 000 pi² |
COMMODITÉS
COMMODITÉS DU SITE
- Installations de lessive
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 20 | 1 211 $ CAD | 525 |
Impôts fonciers
| Numéro de lot | 004277 | Évaluation des bâtiments | 830 453 $ CAD |
| Évaluation du terrain | 62 351 $ CAD | Évaluation totale | 892 804 $ CAD |
Impôts fonciers
Numéro de lot
004277
Évaluation du terrain
62 351 $ CAD
Évaluation des bâtiments
830 453 $ CAD
Évaluation totale
892 804 $ CAD
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