French Quarter Apartments | 1101-1117 W 6th Ave
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French Quarter Apartments 1101-1117 W 6th Ave
24 Unit Apartment Building $4,295,000 ($178,958/Unit) 6.87% Cap Rate Eugene, OR 97402
Investment Highlights
- Ideal Downtown Eugene Location less than 3 Miles from the University of Oregon.
- Substantially Renovated Including New Roofs, Windows, Exterior Paint, Landscaping, and Signage; Property Still has Additional Upside.
- Gated Access with Covered Parking, Garages, and Storage.
- Property Features Desirable Two-Bedrooms Exclusively with a Mix of Townhomes and Flats.
- All Units Include Private Yards or Decks.
- Three On-Site Laundry Rooms Offer Additional Income.
Executive Summary
Important note: the current lender has agreed to facilitate a Guarantor Swap if a Buyer purchases the LLC holding the property and is approve by the bank. This is not a traditional loan assumption. The loan still has 4 more years and matures in 2029. Please call Agent for additional details.
Visit: https://www.marcusmillichap.com/properties/132614/french-quarter-apartments
The French Quarter Apartments are a 24-unit, two-story apartment complex located at 1011-1113 W 6th Ave, Eugene, Oregon 97402. Built in 1967, the French Quarter Apartments total 24,095 rentable square feet and features twelve (12) two-bed/one-bath and twelve (12) two-bed/one-and-one-half-bath floorplans. Amenities include gated access, three on-site laundry rooms, two storage rooms, six garages, additional off-street parking, luxury vinyl plank flooring in the living areas, new carpet in the bedrooms, dishwashers, stainless steel appliances, stone countertops, and private yards or patios with all units.
Located in the southern portion of the lush Willamette Valley, Eugene, Oregon provides residents with a high quality of life and convenient access to outdoor recreation. The French Quarter Apartments is less than a 10-minute drive from the University of Oregon and within walking distance from Downtown Eugene’s craft breweries, coffee houses, wine bars, artisanal restaurants, and boutique retail shops.
Visit: https://www.marcusmillichap.com/properties/132614/french-quarter-apartments
The French Quarter Apartments are a 24-unit, two-story apartment complex located at 1011-1113 W 6th Ave, Eugene, Oregon 97402. Built in 1967, the French Quarter Apartments total 24,095 rentable square feet and features twelve (12) two-bed/one-bath and twelve (12) two-bed/one-and-one-half-bath floorplans. Amenities include gated access, three on-site laundry rooms, two storage rooms, six garages, additional off-street parking, luxury vinyl plank flooring in the living areas, new carpet in the bedrooms, dishwashers, stainless steel appliances, stone countertops, and private yards or patios with all units.
Located in the southern portion of the lush Willamette Valley, Eugene, Oregon provides residents with a high quality of life and convenient access to outdoor recreation. The French Quarter Apartments is less than a 10-minute drive from the University of Oregon and within walking distance from Downtown Eugene’s craft breweries, coffee houses, wine bars, artisanal restaurants, and boutique retail shops.
Property Facts Under Contract
| Price | $4,295,000 | Building Class | C |
| Price Per Unit | $178,958 | Lot Size | 0.72 AC |
| Sale Type | Investment | Building Size | 24,095 SF |
| Cap Rate | 6.87% | Average Occupancy | 96% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1967 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Apartment Style | Garden |
| Price | $4,295,000 |
| Price Per Unit | $178,958 |
| Sale Type | Investment |
| Cap Rate | 6.87% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 24,095 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1967 |
| Parking Ratio | 1.33/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Security System
- Granite Countertops
- Yard
- Breakfast Nook
- Deck
- Double Pane Windows
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,408 | 900 |
| 2+1.5 | 12 | $1,456 | 1,100 |
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Walk Score ®
Walker's Paradise (91)
Bike Score ®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,260,033 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,260,033
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French Quarter Apartments | 1101-1117 W 6th Ave
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