$3,125,000
Pheasant Court Apartments
7015 SE Lake Rd,
Milwaukie, OR 97267
Sold
PRICE
UNITS
22
SIZE
18,950 SQ FT
PRICE/UNIT
$142,045
TYPE
Multifamily
CAP RATE
6.91%
Highlights
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
Location
