37731 Rolltide Dr
8 Unit Apartment Building $2,769,600 ($346,200/Unit) 6.14% Cap Rate Lebanon, OR 97355
Investment Highlights
- New construction
- Located in a highly desirable neighborhood
- Ensures strong return on investment
- Investment opportunity
- Close to dining, shopping, and Highway 20
Executive Summary
New construction investment opportunity with rents of $18k monthly. 4 duplexes give you eight 3 bed, 2-3 bath townhomes. Located in a highly desirable neighborhood, just off River Drive between the Santiam River and Cheadle Lake Park. Easy access to the North Shore Trail and a walking trail that leads to the South Santiam via Riverview Park. Close to dining, shopping, and Highway 20. Proximity to a medical school and WOU, ensuring strong return on investment.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $170,000 | $8.17 |
Property Facts
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Range
- Carpet
- Deck
- Double Pane Windows
Site Amenities
- Walking/Biking Trails
- Lake Access
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
3+2.5 | 4 | $2,300 | 1,760 |
3+2.5 | 2 | $2,000 | 1,311 |
3+2 | 2 | $2,150 | 1,355 |
PROPERTY TAXES
Parcel Number | 0200606 | Improvements Assessment | $0 (2023) |
Land Assessment | $42,360 (2023) | Total Assessment | $42,360 (2023) |
zoning
Zoning Code | RM |