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MultiFamily Property at 1270 Pacific Avenue in Forest Grove

MultiFamily Property at 1270 Pacific Avenue in Forest Grove
FOR SALE

$6,300,000

1270 Pacific Avenue, Forest Grove, OR 97116

Property Description

1031, sell them per your tax scenario. Since these are Fee Simple, you can sell them per your greatest tax advantage. Great assumable 5.45 rate loan! These are newer construction duplexes situated just 13 blocks from Pacific University in a great college town location with strong rental demand. The properties feature good street appeal and are convenient to campus, downtown Forest Grove, and commuting routes. **Portfolio Pricing Options:**- 3 duplexes: $660,000 each- 6 duplexes: $645,000 each ($3,870,000 total)- All 10 duplexes: $6,300,000 total. Current combined monthly income for all 10 properties is approximately $42,000+. Roughly half of the $6.3M portfolio purchase price may qualify for loan assumption at a low interest rate. This is an excellent opportunity for investors seeking residential income property in Forest Grove. Newer development allows you Low Maintenance cost. Fee Simple units.


Property Details

Asset Type

MultiFamily

Year Built

2021

Submarket

Forest Grove

ZIP

97116

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$358,383

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$29,865

Annual Debt Service

$358,383

View on Map

Address

1270 Pacific Avenue

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Forest Grove MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

Contact the Listing Team

Fred Mueller

Fred Mueller

Principal Broker

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Fred Mueller

Fred Mueller

Principal Broker

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