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1162 Orchard Ct N

Keizer, OR 97303
  • $9,000,000
  • STATUS: Pending
  • ON SITE: 53 Days
  • MLS #: 21597390
Pending
UPDATED: 45 min ago
$9,000,000
  • 5
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 48,724
    SQFT
  • $185
    $/SQFT
Type:
Multi-Family
Built:
1977
County:

School Information

Elementary School:
Middle School:
High School:

Description

The Orchard Court Apartments are a well maintained, 50-unit complex on a quiet cul-de-sac. Consists of 10 buildings & includes 8 garages with 16 total garage bays. There are 42, 2 BD & 8, 3 BD units that all include W/D. There is an additional laundry room on-site, off-street parking, balconies & well landscaped grounds. The offering is a fantastic opportunity to have a "value-add" potential deal without major deferred maintenance, as rents are below market, but the property is well maintained.

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Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-01-24T22:39:30.67.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
www.nexthomepdx.com/homes/123668389
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1162 Orchard Ct N Keizer, OR 97303

  • Price: $9,000,000
  • Status: Pending
  • On Site: 53 Days
  • Updated: 45 min ago
  • MLS #: 21597390
5
Beds
2
Baths
0
½ Baths
N/A
Acres
48,724
SQFT
$185
$/SQFT
1977
Built
Neighborhood:
178-Marion Co: North Keizer
County:
Marion
Area:
178-Marion Co: North Keizer
Elementary School:
Keizer
Middle School:
Claggett Creek
High School:
Mcnary
Property Description
The Orchard Court Apartments are a well maintained, 50-unit complex on a quiet cul-de-sac. Consists of 10 buildings & includes 8 garages with 16 total garage bays. There are 42, 2 BD & 8, 3 BD units that all include W/D. There is an additional laundry room on-site, off-street parking, balconies & well landscaped grounds. The offering is a fantastic opportunity to have a "value-add" potential deal without major deferred maintenance, as rents are below market, but the property is well maintained.
Exterior Features

Lot Description Cul-De-Sac Lot Size 3 To 4.99 Acres View YN No Water Description Public Water

Interior Features

Heating Description Baseboard Unit Features Washer/Dryer Unit Type1 Features Washer/Dryer Unit Type1 Sq Ft 925 Unit Type2 Features Washer/Dryer Unit Type2 Sq Ft 1035

Property Features

Bank Owned YN No Capitalization Rate 5.00 Common Amenities Laundry Country Us Fuel Description Electricity Gross Income Actual 648596 Gross Income Projected 743271 Gross Rent Multiplier 13.88 Net Income Actual 449860 Net Income Projected 539936 Occupancy Types LeasedMonth To Month Operating Expenses Actual 198736 Operating Expenses Projected 203335 Property Condition Existing Rent Includes Trash CollectionSewerWaterMaintenance Grounds Sewer Description Public Sewer Short Sale YN No Tax Amount 44890.00 Third Party Approval YN No Unit Type1 Rent 1042 Unit Type1 Units Total 42 Unit Type2 Rent 1316 Unit Type2 Units Total 8 Zoning Rm

Listing provided courtesy of Joseph Bernard Llc.


Listing content is copyright © 2022 RMLS™, Portland, Oregon. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Next Home Realty Connection are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Data last updated 2022-01-24T22:39:30.67.Data deemed reliable but not guaranteed. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed accurate by RMLS™ or Next Home Realty Connection and should be independently verified.
 
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