Multifamily
Parkside Apartments
800 S 4th St, Independence, OR 97351
Listing Price: $1,900,000
Investment Overview
Parkside presents a compelling investment opportunity, featuring twelve 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, ideally located just blocks from downtown Independence. The complex is conveniently near a range of amenities, including coffee shops, a live music venue, and kayak launch points.
The property has undergone significant upgrades, including a complete exterior envelope renovation with new roofing, siding, and exterior painting completed in recent years. Interior enhancements include updated cabinets, countertops, luxury vinyl plank (LVP) flooring, and remodeled bathrooms. There remains potential for investors to further upgrade units with higher-end finishes to maximize returns.
Additionally, Parkside is situated close to Oakvilla Apartments, a 26-unit complex listed by The Rhoades Group of Marcus & Millichap, contributing to a substantial portfolio of approximately 40 units within the stable Independence market.
Exclusively Listed By
Financing By
Listing Price: $1,900,000
Investment Highlights
- Great Cash-Flow Day One, with Additional Value-Add Opportunity for Investors
- Generational Investment, First Time on the Market in Over 20 Years
- Priced Far Below Replacement Cost
Investment Overview
Parkside presents a compelling investment opportunity, featuring twelve 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, ideally located just blocks from downtown Independence. The complex is conveniently near a range of amenities, including coffee shops, a live music venue, and kayak launch points. The property has undergone significant upgrades, including a complete exterior envelope renovation with new roofing, siding, and exterior painting completed in recent years. Interior enhancements include updated cabinets, countertops, luxury vinyl plank (LVP) flooring, and remodeled bathrooms. There remains potential for investors to further upgrade units with higher-end finishes to maximize returns. Additionally, Parkside is situated close to Oakvilla Apartments, a 26-unit complex listed by The Rhoades Group of Marcus & Millichap, contributing to a substantial portfolio of approximately 40 units within the stable Independence market.
Exclusively Listed By
Financing By
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