1270 Pacific Ave, Forest Grove, OR 97116

$6,300,000

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Property Description

1031, sell them per your tax scenario. Since these are Fee Simple, you can sell them per your greatest tax advantage. Great assumable 5.45 rate loan! These are newer construction duplexes situated just 13 blocks from Pacific University in a great college town location with strong rental demand. The properties feature good street appeal and are convenient to campus, downtown Forest Grove, and commuting routes. **Portfolio Pricing Options:**- 3 duplexes: $660,000 each- 6 duplexes: $645,000 each ($3,870,000 total)- All 10 duplexes: $6,300,000 total. Current combined monthly income for all 10 properties is approximately $42,000+. Roughly half of the $6.3M portfolio purchase price may qualify for loan assumption at a low interest rate. This is an excellent opportunity for investors seeking residential income property in Forest Grove. Newer development allows you Low Maintenance cost. Fee Simple units.

1270 Pacific Ave | MLS# 578623787

This multi-family property located at 1270 Pacific Ave, Forest Grove, OR 97116 is currently listed for sale with an asking price of $6,300,000. Search Forest Grove real estate on daniellegates.bendpremierrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: None
Cooling: Central Air, Heat Pump
Fuel Type: Electricity, Gas
Heating: Forced Air, Heat Pump
Roof Type: Composition, Shingle
Stories: 2.0
Taxes: $73,859
Year Built: 2021
Square Feet: 26,787

Units

Unit Type 1:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 2:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 3:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 4:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 5:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 6:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 7:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 8:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 9:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2
Unit Type 10:
Bathroom(s): 2
Bedrooms: 3
Features: Dishwasher, Range, Refrigerator, WasherDryer
Rent: $4300.00
Square Footage: 2694
Total Units: 2

Feature Descriptions

Days on Site: 31
Exterior: Cement Siding, Lap Siding, Vinyl Siding
Gross Income: $463975.00 (Actual)
Hot Water: Gas, Tankless
Lot: Level
Net Income: $326492.00 (Actual)
Operating Expenses: $137483.00 (Actual)
Parking: Driveway
Parking Notes: Driveway
Sewer: Public Sewer
Special View Info: Territorial, Trees/Woods
Units: 20
Water: Public Water

Local Schools

High School: Forest Grove
Middle School: Neil Armstrong
Elementary School: Joseph Gale

Listed By / Shown By

Listed By

Agency Name: Premiere Property Group, LLC
Agency Phone: 503-670-9000

Shown By

Agent Name: Danielle Gates Principal Broker
Agent Phone: (541) 921-7130
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 39,848.65 per month $31,856.23 Principal & Interest $6,154.92 Property Tax $1,837.50 Homeowner's Insurance

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