Garden Court Apartments
1558 East 3rd Street
Newberg, OR 97132

Available

PRICE

$2,700,000

UNITS

12

SIZE

13,200 SQ FT

PRICE/UNIT

$225,000

TYPE

Two-Story

CAP RATE

5.00%

Highlights

Popular Floorplans
Popular Townhome Style Units with W/D Hook Ups
Upgraded Units
Many Units with Interior Upgrades Such As LVP Flooring
Plentiful Parking
Covered Parking with Additional Storage for Every Unit
Great Location
High Walkability & Bike Score
Close to Area Colleges
Close Proximity to George Fox University and Linfield College
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DESCRIPTION

The Garden Court Apartments were built in 1970 and are
comprised of 12 three bedroom one and a half bath townhouse style
apartments. At 1,100 square feet, the spacious layouts consist
of an open floor-plan, modern kitchen amenities, and private fenced
in patios.

Three buildings, with wood-framed construction and pitched composition shingle roofs make up the complex. All units have vinyl
windows and sliders. One covered parking per unit.

All new exterior paint, gutters and roof in 2019!

Listing Broker has partial ownership interest in subject property.

FINANCIAL SUMMARY

  • 5.0% Cap Rate (Pro Forma)

CONTACT LISTING BROKER:

Grayson Pounder | 503.680.4638 | Grayson@PounderRealty.com

PROPERTY DETAILS

Location

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