366 SW M St | Madras, OR 97741
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366 SW M St
Madras, OR 97741
Cascade Ridge Apartments · Multifamily Property For Sale · 64 Units
Investment Highlights
- 5.5% In-Place Cap Rate with 7.10% Market Cap Rate on Proven Rents
- Leasing Office and On-Site Maintenance Shop & Storage
- Located on Hwy 97 directly enroute from Portland to Bend, OR.
- Spacious Two and Three Bedroom Units
- 43 Minutes North of Bend, Oregon
PROPERTY FACTS
| No. Units | 64 | Building Size | 63,157 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1996 |
| Building Class | C | Parking Ratio | 1.91/1,000 SF |
| Lot Size | 5.11 AC |
| No. Units | 64 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.11 AC |
| Building Size | 63,157 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1996 |
| Parking Ratio | 1.91/1,000 SF |
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Washer/Dryer Hookup
- Ceiling Fans
- Refrigerator
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Furnished Units Available
- Grill
- Laundry Service
- Walking/Biking Trails
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 36 | - | 760 |
| 3+2 | 28 | - | 980 - 1,008 |
PROPERTY TAXES
| Parcel Number | 111311-DC-00200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,492,600 |
PROPERTY TAXES
Parcel Number
111311-DC-00200
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,492,600
zoning
| Zoning Code | R2 |
| R2 |
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