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885 Sommerville Loop
Harrisburg, OR 97446

Sommerville Apartments · Multifamily Property For Sale · 28 Units

Apartment Buildings Oregon Harrisburg 885 Sommerville Loop, Harrisburg, OR 97446

Investment Highlights

  • LIHTC-Section 42 affordability restrictions run through 2058
  • Offers due by 4pm on December 9th.
  • 28 townhouse style units on 2.77 acres
  • Email all question or to get the full package. jschmick@windermere.com

Executive Summary

**LIHTC-Section 42-Affordability Restrictions run through 2058** 28 units built in 1998.
Townhouse style layouts. 14 separate buildings on 2.77 acres.
12%+ cap rate on stabilized operations.
Offers due by 4pm on December 9, 2024.
Email all question or to request the full package. jschmick@windermere.com
Need the attached non-disclosure agreement signed in order to share all details.

PROPERTY FACTS

Price Per Unit $33,214 Lot Size 2.77 AC
Sale Type Investment Building Size 34,486 SF
Cap Rate 12.08% Average Occupancy 89%
Gross Rent Multiplier 3.88 No. Stories 2
No. Units 28 Year Built 1998
Property Type
Multifamily
  • Multifamily Apartments
Price Per Unit $33,214
Sale Type Investment
Cap Rate 12.08%
Gross Rent Multiplier 3.88
No. Units 28
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 2.77 AC
Building Size 34,486 SF
Average Occupancy 89%
No. Stories 2
Year Built 1998

Site Amenities

  • Laundry Service

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 10 $494.50 920
3+1.5 18 $940.00 1,250

PROPERTY TAXES

Parcel Number 0848493 Improvements Assessment $0
Land Assessment $0 Total Assessment $847,930

PROPERTY TAXES

Parcel Number
0848493
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$847,930
 

  • Listing ID: 34008145

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 885 Sommerville Loop, Harrisburg, OR 97446

More public record information on 885 Sommerville Loop, Harrisburg, OR 97446

The Multifamily Property at 885 Sommerville Loop, Harrisburg, OR 97446 is currently available for sale. Contact Windermere Real Estate Lane County for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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