615-629 N Elliott Rd Newberg, OR 97132
Well-maintained townhomes near George Fox University with expansion potential.
Property size:
12,743 SFProperty Features for 615-629 N Elliott Rd
General Information
- Size
- 12,743 SF
Building Details
- Year built
- 1996
Source:
Tcnworldwide
Listing Agent: David Chatfield
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Newberg Townhome Community Near University
Elliott Estates is a well-maintained townhome community situated five blocks from George Fox University in Newberg, Oregon. The property comprises ten townhomes, each featuring attached garages and washer/dryer hookups. There is additional land available that offers the potential to add more density. Current in-place rental rates range from $1,505 to $1,900 per month. Residents are billed back for water and sewer at a flat rate and are responsible for their own garbage pickup. Elliott Road is a strategic corridor in Newberg, connecting Highway 99W to Newberg High School. The area has been identified as a priority improvement zone in Newberg's Transportation System Plan. The property features strong rental collections and historical occupancy. Roofs were replaced in 2016. Three units have been partially updated with new appliances and LVT flooring. Tenants are responsible for paying for garbage, and water/sewer is billed back on RUBs.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Newberg
- County
- Yamhill
- State
- Oregon
- Longitude
- -122.9549965
- Latitude
- 45.3051216
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FAQs
What type of property is this?
Apartment building - Well-maintained townhomes near George Fox University with expansion potential.
Where is this apartment building located?
The property is located at 615-629 N Elliott Rd Newberg, OR.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: - Excess land allows for potential increased density and future development opportunities.; - Strong rental collections and historical occupancy provide stable income.; - Upside potential on in-place and asking rents for increased revenue.