Pheasant Court Apartments
7015 SE Lake Rd,
Milwaukie, OR 97267

Sold

PRICE

$3,125,000

UNITS

22

SIZE

18,950 SQ FT

PRICE/UNIT

$142,045

TYPE

Multifamily

CAP RATE

6.91%

Highlights

Steady Occupancy
Long term tenants
Rental Income
Upside in Rents
Recently Upgraded
Majority Newly Remodeled Units
Laundry Amenities
Washer/Dryer Hook-Ups in 20 Units
Location
Prime Location for Commuters
Parklike setting
Quiet Setting with Mature Landscaping
Gallery not found with pheasant-court alias

DESCRIPTION

Built in 1970, the Pheasant Court Apartments are in a prized location in high demand. With twenty 2 bedroom/ 1 bath units and two 3 bedroom/ 1 bath units, the property totals 22 apartment homes. The property has had recent upgrades to the majority of its units which include flooring, cabinets, and appliances.  In addition, the Pheasant Court Apartments boast spacious floorplans, a quiet parklike setting and great location. All units have a private balcony and/or patio with all new wood railings, supports, and flooring.

The Pheasant Court Apartments are comprised of four two-story buildings with wood frame construction, vinyl windows, and pitched composition roofs. 

FINANCIAL SUMMARY

  • Pro Forma Net Operating Income: $215,972

CONTACT LISTING BROKER:

Tyler Gerding | 503.680.4638 | Tyler@PounderRealty.com

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