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    FOR SALE
    Apartment buildings

    615-629 N Elliott Rd, Newberg, OR 97132

    Built 1996
    Property ID
    US71-Q000279
    615-629 N Elliott Rd, Newberg, OR 97132 For Sale 1 / 32
    $2,399,000
    615-629 N Elliott Rd, Newberg, OR 97132
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    Property summary
    AI-generated overview

    Elliott Estates is a well maintained townhome community located five blocks from George Fox University in Newberg, Oregon. The property contains ten townhomes with attached garages, washer/dryer hookups, plus additional land to potentially add more density. In-place rental rates range from $1,505 - $1,900 per month. Residents are charged a flat rate utility bill back for water and sewer and are responsible for their own garbage pickup. Strong rental collections and historical occupancy Attached garages Washer and dryer hookups in units Well maintained and professionally managed Close proximity to George Fox University & Newberg High School Roofs replaced in 2016 3 units partially updated (new appliances and LVT flooring) Excess land for added density Upside on in-place and asking rents Tenants pay for garbage Water/sewer billed back on RUBs

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1996
    UPID US71-Q000279
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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