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

Price $2,769,600
Price Per Unit $346,200
Sale Type Investment
Cap Rate 6.14%
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.88 AC
Construction Status Proposed
Building Size 12,372 SF
No. Stories 2
Year Built 2025
Parking Ratio 0.65/1,000 SF
Cross Streets River Rd

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

zoning

Zoning Code RM
  • Listing ID: 34225974

  • Date on Market: 12/17/2024

  • Last Updated:

  • Address: 37731 Rolltide Dr, Lebanon, OR 97355