Multifamily
Glencoe Road Apartments
8001 SE Glencoe Rd, Milwaukie, OR 97222
Listing Price: $1,450,000
Investment Overview
Marcus & Millichap is pleased to exclusively represent the sale of Glencoe Road Apartments, a value-add asset in Clackamas County. Glencoe Road Apartments were originally developed as a family heirloom, with a building quality intended for a long-term hold to be passed down to the next generation. The property is comprised of ten total two-bedroom units, each featuring single-level living, washer and dryer hookups, and individual fenced backyards.
Glencoe Road Apartments are favorably located just over one mile from multiple shopping centers including the Clackamas Town Center and the Clackamas Promenade, housing popular stores such as Target, REI, and Barnes & Noble. Dining options are abundant near Glencoe Road Apartments, offering residents plenty of variety.
Glencoe Road Apartments
Investment Highlights
- 9.47 Pro Forma Cap Rate Achieved Through Significant Upside in Rental Income
- Single Level Layout Provides Substantial Tenant Attraction and Retention
- All Two Bedroom Layouts with Washer/Dryer Hookups
- Near Thriving Retail Corridor Providing Multiple Retail and Dining Options
- Connected Storage Shed Could Be Converted to Unit (Buyer Do Due-Diligence)
Exclusively Listed By
Financing By
Listing Price: $1,450,000
Investment Highlights
- 9.47 Pro Forma Cap Rate Achieved Through Significant Upside in Rental Income
- Single Level Layout Provides Substantial Tenant Attraction and Retention
- All Two Bedroom Layouts with Washer/Dryer Hookups
- Near Thriving Retail Corridor Providing Multiple Retail and Dining Options
- Connected Storage Shed Could Be Converted to Unit (Buyer Do Due-Diligence)
Investment Overview
Marcus & Millichap is pleased to exclusively represent the sale of Glencoe Road Apartments, a value-add asset in Clackamas County. Glencoe Road Apartments were originally developed as a family heirloom, with a building quality intended for a long-term hold to be passed down to the next generation. The property is comprised of ten total two-bedroom units, each featuring single-level living, washer and dryer hookups, and individual fenced backyards. Glencoe Road Apartments are favorably located just over one mile from multiple shopping centers including the Clackamas Town Center and the Clackamas Promenade, housing popular stores such as Target, REI, and Barnes & Noble. Dining options are abundant near Glencoe Road Apartments, offering residents plenty of variety.
Exclusively Listed By
Financing By
