Mary’s Manor Apartments
23 SE 10th Street, Pendleton, OR 97801
Price$900,000
Number of Units8
Building Size5,700 sqft
Price/Unit$112,500
Property TypeMultifamily
Cap Rate7.29%
Description
Recent updates to the property total over $100,000:
- All new Hardie board siding — $44,000
- All new vinyl windows — $5,500
- Newly rebuilt stairwells — $6,600
- All new asphalt parking lot — $24,000
- 7 units have new flooring, new appliances, and new paint — $24,000–$26,000; 8th unit currently in progress
Financial Summary
- Pro Forma NOI: $65,595
- Pro Forma Cap Rate: 7.29%
Gallery