MultiFamily Property at 1270 Pacific Avenue in Forest Grove
$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.